Everything You Need to Know About Blanket Purchase Orders

A Blanket Purchase Order (BPO), also known as a standing purchase order or blanket purchase agreement, is a long-term contract between a buyer and a supplier. It facilitates the purchase of goods or services at a fixed price over a set period, typically a year, without the need for individual purchase orders for each delivery. BPOs are ideal for businesses that have recurring needs for the same products or services.