Ngai Nhung is the sales manager at Jung Technologies. At lunch with the company CEO, Ngai...
Ngai Nhung is the sales manager at Jung Technologies. At lunch with the company CEO, Ngai proudly announced that he had negotiated a(n) ________ with a client that represented the customer's long-term commitment to buy components from Jung.
Group of answer choices
purchase order
evaluated receipt settlement
voucher
blanket purchase order
Homework Answers
The Answer is "A blanket Purchase Order".
A blanket Purchase Order, which is also known as a Standing purchase order, is an agreement arranged between an organisation and a supplier to deliver goods and services at a"Predetermined Price" on a recurring basis for a specified time period.
The sales Manager Ngai is proudly announcing this news to CEO , because this negotiation will reduce cost and increase purchasing power and also improve efficiency and shorten purchasing lead time.Therefore it will be more beneficial to the company.
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