Blanket Purchase Order

A Blanket Purchase Order (BPO) allows the user to establish a long-term agreement with a Vendor in order to gain a price break, ensure availability, or save the user from having to hold items in inventory for a long period of time before they are  actually needed.

Blanket PO Releases are created manually or by the Inventory Generation process. The releases against the Blanket are controlled by a Maximum Amount and Expiration Date. Every PO that is released against the Blanket will be identified by the Blanket PO number and a sequential Release number.