Exercise: Blanket Orders
In this exercise you enter a blanket order and release some items. Blanket orders are used to record purchase agreements such as yearly contracts for your suppliers to supply a given quantity of raw material at a given price. During the year you then release delivery requests against this contract, automatically creating a purchase order.xxx
1 Use Purchasing Control (5.24) to change the Apprvd Reqs for POs option to No.
2 QMI has negotiated a contract with Heron Surgical Supply (supplier 10S1003). They have agreed to purchase 50000 boxes of Sterile Wipes (item 01013) over the next 12 months. In return, the supplier has agreed to a price of 3.5 USD a box, a significant savings over their regular price of 5 USD a box.
Use Blanket Order Maintenance (5.3.1) to record this contract as a blanket order.
3 Use Blanket Order Print (5.3.5) to print the blanket order and verify the information. Set To Be Released Only to No.
4 QMI needs 2000 plastic barrels next Monday. Modify the blanket order so that they can make this delivery release as follows:
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Field
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Data
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Release
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Yes [In the Blanket frame in the header]
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Qty to Rel
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2000
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Item Revision
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1
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Due Date
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[Next Monday]
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5 Use Blanket Order Release to PO (5.3.6) to release the delivery for the blanket order and the appropriate due date.
6 Use Purchase Order Maintenance (5.7) to view the purchase order that was created by the release.
• Notice that all the information was maintained along with the correct line item quantity and unit cost.
• Once the blanket order has been released to purchasing, it is handled exactly the same way as a regular purchase order.
7 Use Blanket Order Browse (5.3.2) to review the blanket order. Notice the quantity ordered is still 50000. However, the quantity open has been decreased by 2000.
8 Use Purchase Order Receipts (5.13.1) to receive the purchase order created by the release.
9 Use Blanket Order Browse (5.3.2) to review the blanket order again. Notice the quantity received has been updated.