Blanket Purchase Order

Also found in: Acronyms.

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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References in periodicals archive ?

It Is The Specific Purpose Of This Rfq To Establish An Annual Blanket Purchase Order For The Required Materials And Services And To Secure The Cost And Availability Of The Service For Procurement.

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The City shall issue a blanket purchase order to the successful bidder for an initial twelve month period 07/01/16 - 06/30/17.

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You need blanket purchase orders with release dates that allow you to negotiate with suppliers and to have materials delivered on demand.

Molder strives to align people, processes, technology: Wisconsin Plastics' 'transformation' takes into account all aspects of its business, with the help of its machinery sales rep

Working collaboratively, create a flexible program with Northwire for just-in-time delivery, blanket purchase orders, safety stock and more.

Leverage the New Northwire.com Site and You Can be the Supply Chain Hero

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.

AccuFund introduces AccuFund Accounting Suite 4.01

Because they are reliable, Edith gives them blanket purchase orders (six months to a year, depending on quantities).