CUT YOUR LEAD TIME & SAVE MONEY! with Blanket Order Discounts (BO) A blanket PO, or purchase order, allows you to purchase goods or services at the most economical price level over a set period of time and for a set amount of time. A blanket PO adds certainty to a business. There are many advantages to blanket orders.
INVENTORY -The BO makes it easier for the buyer to calculate proper inventory levels and know when it is time to reorder supplies. The BO enables a buyer to better control costs by instituting cost-saving measures.
COST SAVINGS - With a stable (resin +/- impact?) price for a fixed period of time, the PO serves as a hedge against inflation. The most economical price level offers savings over traditional bracket pricing
CERTAINTY - Businesses like certainty. With a blanket PO, there is certainty for both the supplier and vendor regarding the cost of the goods or services. Both sides have certainty concerning quantity, price, delivery requirements and payment terms.
The PURCHASING PROCESS - This reduces time spent on repetitive orders and allows buyers to concentrate on other tasks. During the process, vendors may offer substitute items that might be better than the original.
5 Ways To Share Your Professional Expertise And 4 Reasons You Should
If you’ve been a part of the workforce for any period of time, you have at least some level of professional expertise. You’ve got a certain unique set of skills, knowledge and experience that makes you an asset to your organization.
- Jeanine Vecchio
- Company News
- Created 19 Mar 2018
- Modified 10 Feb 2020
- Hits 1567