Usually means: Long-term order, multiple deliveries.
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We found 3 dictionaries that define the word blanket order:

General (2 matching dictionaries)
  1. Blanket order: Wikipedia, the Free Encyclopedia
  2. blanket order: Wiktionary

Business (1 matching dictionary)
  1. BusinessDictionary.com (No longer online)

Definitions from Wiktionary (blanket order)

noun:  (business) A purchase order placed by a customer with a supplier to allow multiple delivery dates over a period of time, often negotiated to take advantage of predetermined pricing.

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