What Is a Purchase Order?
What Is a Purchase Order (PO)?
Purchase order is an official document issued by a buyer to a supplier outlining the details of purchase transactions. It consists of an official request for goods or services, indicating the type, price, delivery time and relevant terms and conditions.
A purchase order is one of the first documents created by procurement function for initiating the buying process. Once both parties sign the document it becomes a a legally binding contract and will be used for future references for settling payments and order fulfilment by both buyers and suppliers.
Get more stories like this
Subscirbe for more news,updates and insights from Beroe