The purpose of a "blanket purchase order (BPO)" is to:
A.
B.
C.
D.
Answer & Solution
Solution:
A Blanket Purchase Order (BPO)
is a long-term agreement between a buyer and a supplier that streamlines
procurement for recurring purchases of goods or services over a specified
period. Instead of issuing multiple purchase orders for each transaction, a BPO
allows a company to place multiple orders under a single agreement, reducing
administrative effort and ensuring consistent supply.
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