Blanket purchase

[priyaakumar]

Blanket purchase agreement. Can anyone elucidate on this. Thanks.

[cnubandi]

Hai Friend,

You can create blanket purchase agreements when you know the detail of the goods or services you plan to buy from a specific supplier in a period,but you do not yet know the detail of your delivery schedules.You can use blanket purchase agreements to specify negotiated prices for your items before actually purchasing them.