With the Purchasing module, users can now make blanket purchase orders
and indicate or change the vendor to be paid at the point of invoice entry.
Asked about some of the extra effort given by Springfield Label, Edith responds: "They will run an economical quantity of labels and just ship and bill us for what we need, holding the balance of the inventory on their floor until we need it." 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.
Finnish technology group Teleste Corporation said on Friday (10 September) that it had received blanket purchase orders
from the Texas Department of Transportation in the US for the delivery of Asynchronous Transfer Mode (ATM) video codec equipment.
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.
The purchasing module can produce purchase requests, purchase orders, blanket purchase orders
, and releases against blanket purchase orders
By implementing best practices such as bar coding, electronic ordering, procurement cards and blanket purchase orders
, companies can reap the advantages presented by eProcurement, Not the least of these is that, through self-service capabilities, routine purchasing activities may be performed by the requisitioner.
* Blanket purchase orders
for a large percentage of the total buy
You need blanket purchase orders
with release dates that allow you to negotiate with suppliers and to have materials delivered on demand.