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Purchase to Payment Process

Tools to Buy > Term Order

A term order is an order that allows for the incremental purchase of a specific product or service when the price, quantity and schedule of fulfillment are largely predetermined and specified in the purchase order at the time it is initiated. The quantity can be the same with every delivery or may vary. A term order can be created for a maximum of 1 year (12 months) and cannot cross fiscal years.

Use of a Term Order
  • No log or release form is necessary
  • Depending on the nature of the purchase, the appropriate match rule for the request must be chosen
  • Vouchers will follow standard voucher approval procedures
Click here to link to the Blanket Order vs. Term Order (PDF) guidelines and examples.