Blanket contract expiry

Purchase Blankets Contracts

When a purchase blanket contract expires, very little processing is required, as the supplier should provide the necessary paperwork.

Sales Blanket Contracts

When a sales blanket contract expires you provide the details to the customer.

At the end of the contract the actual quantity called off is compared to the contract total. If the agreed quantity has not been taken you need to raise a final invoice for the difference in price.

The blanket contract is not automatically closed once the total quantity has been called off, as it is permissible to exceed the estimated total quantity. If the quantity is exceeded, a warning message is displayed.