A customer on stop, a supplier under review, an item being discontinued: the Blocked field does it without deleting anything.
On the customer card, Blocked: Ship (orders can be entered but not shipped), Invoice (nothing can be invoiced), All. On the vendor: Payment or All. On the item: Blocked (all), plus separate Sales Blocked, Purchasing Blocked and Service Blocked, so a discontinued item can still be bought for spares but not sold, or sold out of stock but not reordered. Users get a clear error naming the block (it is on the ten tickets list).
Privacy Blocked on a customer or contact is different: it is the GDPR flag that stops their data being used while a request is handled.