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Blanket order
A purchase order or customer order combining requirements for a given vendor or customer and group of items over an agreed-upon time frame. It creates a purchase commitment and pricing definition for the specified period, which can range from weeks to years based on the industries or commodities involved. The blanket often consists of the total agreement terms only; individual delivery dates and quantities are later generated by the planning system.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Software
- Category: Supply chain
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