Managing blanket orders efficiently is essential for businesses that rely on long-term agreements for purchasing goods or services. The **Blanket Order on Bills** feature allows businesses to link blanket orders directly to vendor bills, ensuring that billing information is accurately tracked against the blanket order. This feature ensures that payments and invoicing align with the agreed-upon quantities and terms of the blanket order, improving financial control and simplifying the management of long-term supply contracts.
This feature is particularly beneficial for businesses that handle bulk or repeat orders through blanket agreements with their vendors. By connecting vendor bills to blanket orders, the **Blanket Order on Bills** feature ensures that payments are made based on the quantities delivered and terms agreed upon in the contract. It helps businesses avoid overpayment, track remaining quantities, and ensure that vendor payments are processed accurately in accordance with the blanket order.
Functionality at a glance:
- Links vendor bills directly to blanket orders, ensuring that billing aligns with the terms of the blanket order agreement.
- Provides visibility into remaining quantities and financial commitments under a blanket order when processing bills.
- Ensures that payments are accurately tracked and managed according to the agreed contract quantities and terms.
- Integrates seamlessly with Odoo’s purchasing and accounting modules, ensuring accurate financial tracking of long-term agreements.
- Improves financial control and transparency by keeping all blanket order-related billing information easily accessible.
This feature is particularly valuable for businesses that maintain ongoing purchasing agreements with suppliers. For example, a manufacturing company with a blanket order for raw materials can use the **Blanket Order on Bills** feature to track how much material has been billed and paid for, as well as how much remains under the contract. This ensures that the company stays within its agreed purchasing limits and that bills are paid accurately based on actual deliveries.
Example Use Case:
A wholesale distributor with blanket orders for multiple suppliers can benefit from the **Blanket Order on Bills** feature by linking each vendor bill to the appropriate blanket order. When processing a bill, the system automatically checks the quantities delivered against the blanket order and ensures that the bill matches the agreed-upon terms. This prevents overpayments and ensures that all bills align with the contract terms, improving financial accuracy and contract management.
In summary, the **Blanket Order on Bills** feature helps businesses manage long-term supply agreements by linking vendor bills directly to blanket orders. This feature improves financial tracking, ensures payments are made according to contract terms, and provides real-time visibility into remaining quantities and financial commitments under blanket orders.
Populate Purchase agreement reference to Vendor bills (F1925)