Blanket contracts

A blanket contract exists when a customer or supplier has agreed to buy or supply a specific quantity of an item, for a specific price over a specific period.

No agreement exists, however, regarding the quantity to be supplied in any one delivery, how many deliveries should be made, or any particular delivery dates.

Note: When a price is set on a blanket contract, the system takes this price instead of any formulae set up for the item.

If a valid contract exists, items are automatically called off against it during purchase order entry or sales order entry.

The following topics cover the setting up and use of blanket contracts:

Setting up a Blanket Contract
Blanket Contract Processing
Blanket Contract Expiry