blanket purchase order

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Blanket Purchase Order

A blanket purchase order is a contract between a buyer and a seller that establishes potential future purchases of goods or services over a specified period of time, usually for a fixed price.

Example Sentences:

Noun:

The company issued a blanket purchase order to ensure they would have a steady supply of office stationery throughout the year.
As a supplier, receiving a blanket purchase order from a reputable organization can guarantee a long-term business relationship.

Verb:

The procurement team decided to blanket purchase order certain spare parts to avoid potential delays in the future.
By blanket purchase ordering their produce, the restaurant ensured they would always have fresh ingredients available for their dishes.

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