Netsuite's Blanket Purchase Order

Hi All,

Blanket Purchase Order is blanket purchase agreement or call-off order . This type of orders are useful when there are multiple deliveries from supplier. This help in avoid maintain huge stock and order only when needed( as per plan/terms). For supplier this ensure ongoing business, supplier can refer to terms and send orders as periodically until contract is fulfilled. 

Benefits:

Customer (Business Owner)

Issuing a blanket order allows a customer not to hold more stock than necessary at any time

avoids the administrative expense of processing frequent purchase orders

Discount Pricing through volume commitments or price breaks. 

Supplier:

Help suppliers better predict future cash flows and orders.

Guaranteed ongoing business. 

 To create a blanket purchase order:

     Go to Vendor Dashboard > Transactions > Enter Blanket Purchase Order (Administrator).
    Enter information for each section described below as necessary.
    Click Save.
After you have entered a blanket purchase order, you can release orders to place the actual orders for the items

 

Blanket Purchase Order Status

    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.
    Rejected - Order is rejected
    Closed - Order is closed.



Thanks
Netsuite Guru