What is a Blanket Order?

[Good-Person]

A customer may plan to buy a product for a particular time. Under such kind of circumstances, the company may issue a blanket order. There may be certain legal aspects related to this kind of order. So, what is a blanket order?

 

[Yaqoob Habib]

A customer may plan to buy a product for a particular time. Under such kind of circumstances, the company may issue a blanket order. There may be certain legal aspects related to this kind of order. So, what is a blanket order?

There are many websites on which you can plan to buy your product in advance.If you intend to buy a blanket, you can buy it in advance from the online website, but your order will not be processed until you confirm your order and make payment for it.

 

[Good-Person]

There are many websites on which you can plan to buy your product in advance.If you intend to buy a blanket, you can buy it in advance from the online website, but your order will not be processed until you confirm your order and make payment for it.

Such kind of orders allow business vendors to place orders and since this allows the other party to receive orders in a bilk quantity, this could really help the business. Payment terms are also very important in this regards.

 

[Heatman]

Blanket orders are always used by customers who are interested in taking advantage of a particular price of the company's products at a particular point in time. The reason why they make use of such blanket orders is to buy those products at a fixed price when they know that in the future those products are likely to increase in prices.

 

[Good-Person]

Blanket orders are always used by customers who are interested in taking advantage of a particular price of the company's products at a particular point in time. The reason why they make use of such blanket orders is to buy those products at a fixed price when they know that in the future those products are likely to increase in prices.

I am not sure if this also involves paying for the orders at a specific time when it comes to buying products or paying the price for a product in the future at the rate at which the product was available in the past. So, I am a bit confused about it.