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Blanket Purchase Order

   Also found in: Acronyms, Wikipedia 0.01 sec.
Blanket Purchase Order
An order to buy the same good or service regularly. For example, if a company buys 100 barrels of refined oil every day for a year, it may make a blanket order to cover all barrels for the entire year rather than making separate daily purchase orders. A blanket purchase order may specify the period during which it is effective.


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Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
Because they are reliable, Edith gives them blanket purchase orders (six months to a year, depending on quantities).
One respondent indicated that having reported obligations under blanket purchase orders supported by cancellation penalties to the extent of the penalty.
When PRG-Schultz conducted a review of an international computer products distributor recently, the audit showed that the company's blanket purchase orders were not reconciled to the related invoices.
 
 
 
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