Definitions for "Order type"
Keywords:  blanket, ordinal, bkt, isomorphic, sta
A specific two character code used by the Purchasing department to identify a type of order (i.e., purchase delegation). Order types include: M3-orders placed against a Planned Purchasing Program Agreement D3-orders placed against a blanket agreement OV-orders placed using the open-vendor purchase delegation U3-purchases of published/copyrighted materials RO-repair orders
Field on requisition screen. Standard (STD), blanket (BKT) or standing (STA). Type of order that can be generated by the system. Standard One requisition per order, one delivery. Blanket One requisition per order and many deliveries. Standing Many orders per requisition, each order gets one delivery.
If an order is placed for a product which is not kept in stock but must be either ordered or produced, this product is referred to as order type.
Keywords:  adhere, execution, stop, limit, market
A property of an order, containing the conditions to which this order must adhere for execution (e.g., limit, market, stop).