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Blanket orders or stocking agreements are another way to avoid holding large inventories. In this case, the buyer issues a blanket purchase order and the supplier agrees to ship materials at different times throughout a set time period (once a month, every quarter, etc.) at predetermined prices.
What is a template agreement?
A contract template is a standard pattern for an agreement of some kind that can be filled in with information and used as a contract. Contract templates are often used in situations where the same agreement can serve in multiple situations, over and over, with very few changes.
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Vendor-managed inventory - Wikipedia
(April 2020) (Learn how and when to remove this template message). Vendor-managed inventory (VMI) is an inventory management practice in which a supplier of ... This policy can prevent stocking undesired inventories and hence can lead ...
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