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Blanket purchase orders are used for the acquisition of assorted commodities or services from a known vendor for departments that have predictable but varied program needs. The range of commodities or services covered by the blanket purchase order should be defined as narrowly as possible. Blanket purchase orders may not be used for the acquisition of equipment or appliances. Blanket purchase orders have a maximum duration of one year and, regardless of the date of initiation, will expire at the end of the fiscal year in which they were initiated.
Blanket PO are issued by the buyers to the suppliers for:
Thanks for the invitation
Good question
Agreed with both answers given by
Mr.:Rehman & Mr.:Yakoub abdallah as well too
blanket order is a contract which is fixed for a specific time period in fixed price.