Blanket Order
A Blanket Order is a long-term purchase or sales agreement where a customer commits to buying specific items over a defined period at pre-negotiated rates.
It allows multiple Sales Orders or Purchase Orders to be created under a single agreement.
SUMMARY
Blanket Order helps businesses lock price + quantity commitment over time while allowing flexible deliveries through multiple orders.
1. Where to Access Blanket Order
Go to:
Home > Selling > Sales > Blanket Order
2. Prerequisites
Before creating a Blanket Order, ensure:
– Customer or Supplier is created
– Item Master is ready
3. How to Create Blanket Order
- Open Blanket Order list and click New.
- Select Order Type (Selling or Purchasing).
- Select Customer or Supplier.
- Define validity period (From Date – To Date).
- Add Items, Quantity, and Rate.
- Add Terms & Conditions (optional).
- Click Submit.
4. Key Concept
A Blanket Order works as a master agreement that controls multiple downstream transactions.
5. Features of Blanket Order
5.1 Sales Order Creation
– Sales Orders can be created against Blanket Order
– Ordered Quantity gets updated automatically
– Ensures tracking of committed vs delivered quantity
5.2 Purchase Order Creation
– Purchase Orders can also be linked
– Helps manage supplier commitments
– Tracks ordered vs remaining quantities
5.3 Quotation Creation
You can generate Quotations directly from Blanket Order for faster sales execution.
5.4 Dashboard Tracking
The dashboard shows:
– Sales Orders linked
– Purchase Orders linked
– Quotations linked
– Ordered quantity progress
6. Business Use Case
Blanket Orders are commonly used when:
– Customers order repeatedly over time
– Prices need to be locked in advance
– Large volume commitments are required
– Inventory planning is needed
7. Key Benefits
– Price stability over time
– Better demand forecasting
– Reduced negotiation effort
– Improved inventory planning
8. Related Topics
– Sales Order
– Purchase Order
– Quotation
– Delivery Note
