Enterprise glossary and term center

Research and understand all the intricate terms and definitions that surround the ecosystem of enterprise resource planning (ERP), enterprise software and no-code tools.

Blanket Order - What is the difference between a purchase order and a blanket purchase order?

Purchase orders are not considered binding contracts until they are accepted (either as issued or by performance). ... Blanket purchase orders can be set up for an extended period of time while purchase agreements can have extremely short timelines. Also, the difference does not involve the volume.