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Purchase Order
(redirected from Purchase Orders)

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

A document authorizing a seller to deliver goods, with payment to be made at a later date.

A purchase order is a written authorization requesting a vendor to furnish goods to a purchaser. It is an offer from the purchaser to buy certain articles. The offer is accepted by the seller when she supplies the requested items. A contract is formed and the seller can expect payment in return for the delivered goods.



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Purchase order automation Use of purchase order software can help you produce purchase orders automatically when stock level alerts are created.
The agreement provides EXIM a four year exclusivity to represent and solicit purchase orders for PreHistin in most countries of the former Soviet Union, and throughout most countries of the former Yugoslavia.
There are four primary ways to improve the relationship between buyers and sellers including 1) Simplified document sharing 2) Distribution of Request for Quotes (RFQ's) and the ability to process RFQ's efficiently 3) Distribution of purchase orders to suppliers in a centralized manner 4) Receipt of purchase orders in a consolidated manner.
 
 
 
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