BPA (Blanket Purchase Agreement)
A Blanket Purchase Agreement (BPA) is a procurement method used by businesses to streamline the purchasing process. It provides the ability to purchase multiple types of products or services from one supplier over a specified period of time. This can result in savings on transaction costs, simplified ordering processes and improved supplier relationships. BPAs may also be used to secure favorable pricing for goods or services from select suppliers and ensure a reliable supply chain.
