A blanket order is a purchase order agreement which provides a lower price for a bulk quantity of fasteners. The supplier acquires the bulk quantity of fasteners and the customer agrees to buy them in predetermined installments. Blanket orders insure that the customer locks in a set low price for the whole lot. The customer rests assured that the product she/he uses regularly will be available when needed. All in all, blanket orders save purchasers money, time, and headaches. They prevent the last minute dash to find what you need and they save you money. Blanket orders also save you money, since you won’t be subject to extra freight charges and expediting fees.
Blanket orders save fastener purchasers money, time, and headaches.
Fastener distributors have several ways of classifying their inventory. The major classification is whether or not they are a frequently sold item. If yes, they will be stocked in our warehouse. If not, we will have just a few pieces in stock and order them from a supplier on an as-needed basis. Either way…whether your fastener is a stock item, or it is not… you probably can procure better pricing with a blanket order. Consider how many pieces you need in six months and one year’s time. Ask your supplier what it would cost to get a blanket order for them. It could also be a good idea to place a blanket order for the uncommon fasteners you use. This way you don’t have to worry if you will be able to find them when you need them.
This tip is especially useful for stainless steel fasteners as their price fluctuates more steeply than other materials.
The greatest reason to plan ahead for a blanket purchase is to lock in the price. This tip is especially useful for stainless steel fasteners as their price fluctuates more steeply than other materials. In a nutshell…you should let your salesperson know your projected usage for your commonly used fasteners. 1.) If it is a commonly stocked item, she/he may be able to shop for an even better deal if your quantity is fairly large. 2.) On uncommon fasteners, or the items not regularly stocked…. you definitely can garner a better deal if you ask your salesperson to buy in bulk and draw up a blanket agreement with you.