Chapter 22. Purchasing
Section 22.3. Types of Orders
Blanket Order: An open order for a specified period which authorizes the vendor to allow items/services to be charged by one of the authorized persons usually listed on the order. Equipment is not to be requested on a blanket order (except in certain instances which have been approved prior to issuance of the blanket order). Blanket orders are for items valued less than $5,000, including freight.
Blanket orders are not encouraged because the purchasing credit card is much more convenient and efficient. Using the card results in a significant savings to the University. Both blanket orders and items charged to the purchasing card are for items valued less than $5,000, including freight.
To place a blanket order, do the following:
NOTE: The value shown on the blanket order is not encumbered when the order is created, since no account information is entered into Banner at that time. The encumbrance occurs when the invoice is entered.
To electronically view the remaining balance on a blanket order, do the following:
NOTE: Refer to Chapter 2. Accounting Services for instructions relating to the Banner Finance System.
To electronically view the blanket order itself, do the following:
|Adopted:||07/01/2006||Increased order value to $5,000 from $2,500.|