Blanket Purchase Orders (BPO)

A Blanket Purchase Order (BPO) is a type of purchase order used to streamline and manage recurring purchases of goods or services from a supplier over a specified period. It establishes a long-term agreement with set terms and conditions, including pricing and delivery schedules, allowing for multiple transactions without the need to issue individual orders each time. BPOs simplify procurement processes and often result in cost savings and more efficient supply chain management.