Oracle Fusion Procurement

What’s the difference between a Purchase Order, a Blanket Agreement, and a Contract Agreement?

Today we will discuss 3 types of Purchasing Documents created in Oracle Fusion Procurement and why do we need to create different types of Purchasing Documents in Oracle Fusion Procurement.

• Contract Purchase Agreement
• Blanket Purchase Agreement
• Purchase Order

Contract Purchase Agreement

You create a contract purchase agreement with your supplier to agree on specific terms and conditions without indicating the goods and services that you will be purchasing. You can later issue purchase orders referencing your contracts using terms negotiated on a contract purchase agreement by a procurement business unit which can then be made available to multiple requisitioning business units.

This is how the Contract Purchase Agreement appears in the application without any lines.

As you can see above, no line details have been specified in the Contract Agreement. This is an agreement between the…