Rewards of Proactive Purchasing with Blanket POs
How many times have you heard someone say that they take a proactive approach to their job? Well in the field of purchasing there’s nothing more forward-thinking than placing a blanket purchase order. In fact placing a blanket order with a vendor you trust can be an extremely intelligent business decision. And when we’re talking about blanket POs for discontinued components, the advantages are numerous.
- Guarantee availability of end-of-life components
- Delay or avoid costly product or system redesigns
- Inflation hedge via fixed pricing and terms for set time period
- Ensure predictable delivery schedules
- Facilitate just-in-time inventory programs
- Enable service of legacy components
- Meet your commitment to your customers
In addition, placing a blanket order simplifies and standardizes the purchase process, freeing up staff to focus on more important tasks and eliminating the potential for most errors.
In addition, placing a blanket order simplifies and standardizes the purchase process, freeing up staff to focus on more important tasks and eliminating the potential for most errors.
So the next time you need a component ask yourself: does my company have an ongoing need for this part? If the answer is yes, and especially if it’s a part that may be hard to find now or in the near future, consider discussing whether placing a blanket PO makes sense for your company with your trusted supplier.
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