A blanket purchase order (BPO) is a type of purchase order that allows a buyer to establish an agreement with a supplier for multiple purchases over a specific period. It is often used when a buyer has Repetitive and pre-specified purchases from the same supplier within a certain period.
To create a blanket purchase order:
- Go to Transactions > Purchases > Enter Blanket Purchase Orders.
- Enter information for each section described below as necessary.
- Click Save.
A blanket purchase order you enter can have one of the following statuses:
- Pending Approval – The order has not yet been approved.
- Pending Active – The current date precedes the start date.
- Active – The current date falls between the start and end dates.
- Expired – The current date is past the end date.
- Closed-The Bo is closed.
Users can add the list of items and expenses to purchase from the vendor and can schedule the quantity and date of order in the item line
