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Komok [63]
9 months ago
15

What is a​ long-term purchase commitment to a supplier for items that are to be delivered against​ short-term releases to​ ship?

.
Business
1 answer:
Paul [167]9 months ago
4 0

Blanket orders are a long-term investment commitment to a supplier for items that are to be provided against short-term waivers to ship.

<h3>What is meant by blanket order?</h3>

A blanket order is a acquisition order the campus end user makes with its supplier that includes multiple delivery dates over a period of time, bargained to take advantage of predetermined pricing.

Also known as standing orders, blanket buy orders are used when a business needs the same goods on a frequent basis over a specified term, such as an entire year. The delivery schedule may/may not be predetermined.

To learn more about the long-term investment  visit the link

brainly.com/question/18437822

#SPJ4

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