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What is a Blanket PO, for what are we using it and has it an expiration date?

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تم إضافة السؤال من قبل Elke Woofter , Project Assistant , American Technical Associates
تاريخ النشر: 2014/11/30
مستخدم محذوف‎
من قبل مستخدم محذوف‎

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.

 

Zia Rehman
من قبل Zia Rehman , Director Project Management , M/s U.C.C Private Limited

Blanket PO are issued by the buyers to the suppliers for:

  • For recurring needs of consumables items.
  • Taking advantage of negotiated price over a long period of supplies.
  • To get the supplies over  predetermined delivery dates to save upon he costs of storage.  

hossam azzam
من قبل hossam azzam , Fast food restaurant,s manager. , alexandria-egypt

Thanks for the invitation

Good question

Agreed with both answers given by

Mr.:Rehman & Mr.:Yakoub abdallah as well too

Saleem Ullah Baig
من قبل Saleem Ullah Baig , Procurement Officer , Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) GmbH

blanket order is a contract which is fixed for a specific time period in fixed price.

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