Question: 1.Explain what is the difference between a purchase order and a blanket purchase order? 2.What are the advantages of using blanket purchase orders?

1.Explain what is the difference between a purchase order and a blanket purchase order?

2.What are the advantages of using blanket purchase orders?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

1- How is anticipating a material requirement or need through purchasing's involvement on a new-product development team different from reacting to a purchase need? 2- Discuss the advantages of...

Q:

Chapter 2 Qn . 6 : How is anticipating a material requirement or need through purchasing's involvement on a new - product development team different from reacting to a purchase need? Qn . 9 : Discuss...

Q:

3. Describe how purchasing becomes aware of purchase requirements. (List at least three) 4. What is the difference between a purchase order and a blanket purchase order? What are the advantages of...

Q:

1. How can an effective purchasing department affect organizational performance? 3. Discuss the contributions a purchasing department can make to the corporate strategic planning process. 5. Describe...

Q:

i want solution for above question in 15 mins I will give like if you give correct answer What is the difference between a purchase order and a blanket purchase order? What are the advantages of...

Q:

i want answer in 30 mins and correct answer thanks for your help What is the difference between a purchase order and a blanket purchase order? What are the advantages of using blanket purchase orders

Q:

DISCUSSION QUESTIONS 1 Is it true that every organization supplies products to meet customer demand? 2 What are the core activities in every organization? 3 What is logistics? Why is its importance...

Q:

i want answer in 30 mins and correct answer thanks for your help What is the difference between a purchase order and a blanket purchase order? What are the advantages of using blanket purchase orders

Q:

1 Topic: Question 1.What is the difference between a purchase order and a blanket purchase order? What are the advantages of using blanket purchase orders? Question 2.Discuss the concept of ethics....

Q:

i want answer in 30 mins and correct answer thanks for your help What is the difference between a purchase order and a blanket purchase order? What are the advantages of using blanket purchase orders

Q:

The English Company purchased equipment on October 1, 2020. The cost of the equipment is $140,000, the residual value is $12,000 and the company uses the units of production method for deprecation....

Q:

How will search engines deal with a poor site structure?

Q:

Evaluate the internal controls below and select the one that is cost - effective for a high - volume store such as BigCo Health Foods. A rigorous identification requirement A limit on the amount...

Q:

Record the bond issue if the market interest rate for bonds of similar risk and maturity is also 7%. Record the first interest payment on june 30, 2018. Record the bond issue if the market interest...