Blanket Agreement

A blanket agreement is where a customer and supplier enter a time-limited agreement covering terms, items and prices. During the validity period of the agreement, the customer can make call-offs against the agreement for a portion of the goods covered.

A blanket agreement can be maintained either from:

• a market aspect, that is customer or business chain or
• an item aspect, that is item or user-defined group of items.

Blanket agreements are entered in 'Customer Blanket Agreement. Open' (OIS060).