A$($n$)\_\_\_\_\_\_\_\_,$ sometimes called a stockless purchase plan, establishes a long$-$term relationship in which the supplier promises to resupply the buyer as needed, at agreed$-$upon prices, over a specified period of time.

A$($n$)\_\_\_\_\_\_\_\_,$ sometimes called a stockless purchase plan, establishes a long$-$term relationship in which the supplier promises to resupply the buyer as needed, at agreed$-$upon prices, over a specified period of time.

open contract

contractless buy

blanket contract

negotiated purchase

MRO contract