Blanket sales are a great way to get new customers that would not have been found otherwise. If you need a product or service that is going to be needed again in the future, blanket orders may be for you.

 On the other hand, if your company does not have many repeat customers and needs a large order of one item at a time, repeating orders might work better for you. This blog will discuss how each of these types of blanket sales can help your business grow!

Repeating orders are great for one time purchases. This is the main reason why repeating orders might be better than blanket orders. 

Many companies will purchase items once and not need to buy them again until they run out, therefore making repeat sales unnecessary in some cases.

Blanket sales can be used for different things, but the most common use is to allow you to purchase items in bulk before they are needed.

They are also used for purchasing office supplies on a regular basis. They can be ordered at any time during the year and it will automatically go into production whenever enough units have been purchased to fulfill your contract with that supplier.

It can also be used to purchase materials for a project where you know the exact date they will need it, but don't have a firm order in place yet. 

For example, if your construction company is working at many different sites that require water and sewer hookups on certain days or weeks of the year up until 2022, you could set up an order to purchase the pipe and fittings for those hookups.

Blanket Sales can also be used for purchasing goods from an overseas supplier, especially if they have long lead times or specific shipping requirements that need to be met as well as other items on your supply list. 

In this case, it would be beneficial to set up an order for the entire shipment, rather than having several orders in place.

If you know that every year your company needs a certain amount of each item though, you might be able to save money with a blanket order. 

This is how repeating orders are different from Blanket Orders- on one hand, the company only needs to buy certain items once but they have no guarantee that more will not need purchased in the future whereas on the other hand, companies can purchase all of their supplies at once and know that they will not need more of any items for a set time period.

Blanket orders are great if you know that your company will need new supplies every year or so but do not have the capital to purchase them all at once, especially with repeat sales being unnecessary in some cases. 

This is why they can be very useful!

Having a blanket sales is also great for companies that have more than one location or office. If you know that each of your locations will need the same items, then placing a blanket order can be very helpful!

If you are not sure which type of sales would work best for your company, repeating orders vs. Blanket Orders , it might be good to try both. This way, you can see which one works best and saves your company the most money in the long run!

Blanket orders and repeating orders are great ways for companies of all sizes to save time and money while still getting what they need without having to make repeat purchases or go out looking every year.

They are great for companies that have multiple locations, know throughout the year what items need to be replenished and are not interested in repeat sales.

If you have one location or office, repeating orders might work better for your business as they only require a large order once per year instead of blanket sales which may require more than one reorder each year.

In conclusion, they are great for companies who know what items need to be replenished every year and do not mind making repeat purchases whereas repeating orders might work better if you have multiple locations or offices that will require new supplies throughout the year. 

It is important to weigh out both options before deciding which type of purchase works best for your company!

Benefits:

- A blanket order is great if you know that your company will need new supplies every year or so but do not have the capital to purchase them all at once

- Blanket sales are perfect for companies with multiple locations knowing what items they might need throughout the year and those looking to save money on a large order of products.

Benefits of repeating orders:

- Repeating Orders are great for one time purchases

- If you know that every year your company needs a certain amount of each item though, you might be able to save money with a blanket order. 

This is how repeating orders are different from Blanket Orders- on one hand, the company only needs to buy certain items once but they have no guarantee that more will not need purchased in the future.

- Having a blanket order is also great for companies that have more than one location or office if you know that each of your locations will need the same items, then placing a blanket order can be very helpful!

It's important to weigh out both options before deciding which type of purchase works best for your company!

Blanket Orders vs. Repeating Orders

In Sales Order Processing, enter a repeated order.

If the order ID is set up to allow recurring documents, you can generate repeating orders.

 If you want to build a template document for a customer who requests the same information often, you can utilise repeating orders. 

Repeating orders must be set up for each customer individually; you cannot create one document and use it as a template for other customers.

You can't have multicurrency papers that repeat themselves. Only papers with the functional currency's currency ID can be tagged as repeating.

To make a repeating order, type:

Select the Sales button in the navigation window, then the Sales Order Transactions list.

To open the Sales Transaction Entry window, select Order from the New group or its overflow menu.

Type ID must be entered or selected. You'll need to double-check that the Allow Repeating Orders box is checked on the Order ID Type. 

You might want to create a separate ID for Repeating Orders. This is done by going to Sales>Setup>Sales Order Processing> and clicking the Sales Document Setup button.

A document number and a batch ID must be entered or selected.

Enter or accept the currency ID after entering or selecting a customer ID. A Customer PO Number can also be entered. (Optional)

To launch the Sales Document Detail Entry window, select the document expansion button.

Entry of Sales Documents

GL Bibliography

Enter a reference description for each document that will be posted to the General Ledger. 

Sales Transaction Entry will appear as the reference in the General Ledger Transaction Entry window and on General Ledger posting reports if you don't enter a reference in this field.

When you use a new Sales Transaction Entry window to create another document, the reference description from your last entry is copied into this field. You can enter a different reference for each of these documents if desired.

Sales Documents will appear on General Ledger postings reports under Distribution Group GL Transactions By Document Type and Distribution Group GL Master File Entries by Transaction Type.

The Sales Transaction Entry window is where you enter or select all documents and document-related information for the following types of sales orders:

Customer Returns, Cooperative Advertising, Promotions, Price Protection (for credit memos), Rebates and Credits on Purchase Orders. To create a new order line in the Sales Document Detail Entry window:

In Sales Transaction Entry window, select the Type of Document from the drop-down list.

Enter a customer ID (optional), document number and batch identifier (optional). If you do not enter these fields in the Sales Document Detail Entry window, they will be copied over when you create another order line with this transaction type.

Fields that are not required for the document type will be hidden.

To create a second or third order line, select another Order Line from the drop-down list and enter your information in this window.

You can access Sales Transaction Entry by going to:

Sales > Enter Sales Orders > Customer Purchases/Returns/Credit Memos (for credit memos) > Sales Transaction Entry

To enter a sales document:

Go to the Customer Purchases/Returns/Credit Memos window. The first time you use this function, type '01' for Order Number Type and select either Next Available or Custom ID. 

If you choose Next available, your order number will be automatically generated each time you enter a new document.

Type the Customer ID number for this order line, which is located on your purchase order form or customer sales order form.

If you're entering a credit memo, type '01' in Order Number Type and select either Next Available or Custom ID. If you choose Next available, your Credit Memo Number will be automatically generated each time you enter a new document.

Enter the credit memo number on your customer's sales order form or invoice, found by looking at the first four digits of their Order Number. 

For example, if I have three different orders from Customer ABC that are numbered 1234, 2345 and 3412 respectively, then my credit memo number will be '1234'.

Use Sales Transaction Entry to create an Order.

Blanket Order for a Sales order does not have a distinct Order type in GP Sales Order. However, steps for creating a Blanket Order via Sales Transaction Entry are provided below.

Choose Order Type, Customer, Ship to Address, Order Date, Choose Site, Enter Customer PO, and Currency. Enter the Item with the first release amount's quantity. Check the University of Minnesota, the quantity, the unit price, and the Extended Price. Choose the line expansion option.

Mark Repeating. Enter the number of times and the frequency with which the command should be repeated. To use the order an unlimited number of times, leave the Frequency section blank.

To close the Sales Document Detail Entry window, select OK.

Use Sales Transaction Entry to create a Blanket Sales Order.

Blanket Order for a Sales order does not have a distinct Order type in GP Sales Order. However, steps for creating a Blanket Order via Sales Transaction Entry are provided below.

Choose Order Type, Customer, Ship to Address, Order Date, and Site from the drop-down menus. Enter the customer's PO number and currency. Enter the Item with the first release amount's quantity. 

Check the University of Minnesota, the quantity, the unit price, and the Extended Price. This will bring up a screen where you may fill in the details for this line item.

For this single line item, you can define the Required Ship Date, Site Id, and Shipping Method.

You can input the same item on many lines, with a different Req. Ship Date and Shipping details on each line.

Once the quantity has been fulfilled and moved to an invoice, the Qty. to Invoice will be the amount to invoice.

Leave the quantity field blank. Counted as 0 until you're ready to add more lines and remove the quantity from inventory.

Each of these lines has its own set of deadlines for shipping. Change the Qty when you're ready to move a line to an Invoice for shipment. If the condition is met, select Transfer from the Actions drop-down menu.

You can alter the date to the Ship Date, the Batch to a new Invoice batch, and the Customer PO number to a new Release PO once you've converted the line fulfilled to an invoice. 

If the new Customer PO has a modified quantity, you can also change the item's amount. Then, if necessary, you can add more things to the new PO.