Blanket Purchase Order

Blanket Purchase Order – An overview

Introduction

The component has the provision to maintain long-term purchase agreements in terms of Blanket Purchase Orders. Release slips with the required order quantity and schedules can be generated with respect to Blanket POs. The details specified in the BPO include the type of contract, the validity period of the contract, items being ordered and other associated details like item type, rate of each item, their quantities, allocated amount etc., as applicable.

Feature Highlights

Provision to maintain different types of contracts, a Rate contract or a Value contract or a Quantity contract.

Facility to have contracts for all types of purchases: Normal, Capital, Consignment etc.

Provision to indicate the utilization centers for each Blanket PO and the allocation details for each OU. This can be done either in terms of the quantity that can be ordered by each of the listed OUs or in terms of the order value.

List of Activities

Go to Activity…	For…
Create Blanket PO	Creating a Blanket Purchase Order in the system.
Approve Blanket PO	Approving a BPO so that it can be used in purchases subsequently.
Change Blanket PO Status	Changing the ordering and payment related statuses for a BPO.
Shortclose Blanket PO	Canceling a BPO.
View Blanket PO	Viewing the details of a BPO without a provision for modification.
Copy and Create Blanket PO	Creating a BPO from a similar existing BPO for the ease of data entry.
Create Quotation based Blanket PO	Converting an approved Quotation into a BPO