Blanket Purchase Agreements are a type of Purchase agreement and can serve as an umbrella for many Receipt agreements.
PICTURE!
The Process Flow
Creating a Blanket Purchase Agreement
There are two ways to create a Blanket Purchase Agreement. One can either create a new agreement from the Blanket Purchase Agreement list or by copying an existing agreement.
Fill out Receipt Agreement
The first step of the process would be to fill out the Blanket Purchase Agreement Header. The Header contains information on the customer, shipping terms and other information. Other sub-sections are optional to fill out and depend on the needs of each user. The following step is to fill out the Blanket Purchase Agreement Lines.
Creating Receipts
The user can either create a single Receipt Agreement from the Blanket Purchase Agreement or create scheduled receipts. The user is able to post Receipt Agreements without the blanket agreement becoming closed. The final step is to post the Blanket Purchase Agreement.