When it comes to blanket orders, the business community has mixed feelings about whether they add real value to the business. But their implementation could be all over the place as well. The legacy systems that didn't support the blanket order functionality natively had to come up with creative ways of handling them. These creative ways might include canceling the lines and adding new ones as the quantity gets released. Or they could be as dramatic as creating a completely new order. Irrespective of whether you like it or not. You will end up dealing with blanket orders as they might be driven by factors such as commodity pricing or securing critical components needed for your supply chain. So, where do blanket orders make the most sense?
In today's episode, we invited a panel of cross-functional experts for a live interview on LinkedIn who brings significant expertise to discuss the pros and cons of blanket orders business processes best practices. We covered many grounds, including the difference between contracts, regular orders, and blanket orders and whether the blanket POs should be used. Finally, we discussed several other concepts related to blanket POs such as blanket orders for commoditized products such as MRO inventory and for the critical items and for the items where price fluctuates significantly.
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