A standing order to purchase specified items at a designated price,from a particular supplier for a set period of time,is called a

Question

Quizplus · Accepted Answer

A blanket purchase order allows for ongoing purchases of specified items at a designated price from a particular supplier for a set period of time, making it the most suitable option for the scenario given. A set order is not a commonly used term in procurement. A purchase order typically refers to a one-time purchase rather than an ongoing agreement. A commodity order would only apply to a specific type of product, whereas a blanket purchase order allows for multiple items to be purchased.

A Standing Order to Purchase Specified Items at a Designated