Purchase Order


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Related to Purchase Order: invoice

Purchase Order

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.

References in periodicals archive ?
Credit professionals understand customers' purchase orders come in all shapes and sizes and levels of sophistication.
This purchase order is part of the renewal of the Finnish Defence Forces' command, control and communications system, where the Software Defined Radio based Bittium TAC WIN system acts as the backbone network for tactical data transfer.
The splitting of purchase orders, the COA said, deprived the PCOO of taking advantage of possible bulk discounts 'if the procurements were done through public bidding.'
When the products from a single purchase order are received into inventory, each individual product is recorded in INVENTORY TRANSACTIONS, and is assigned a Transaction ID, the Transaction Type ('Purchased') from INVENTORY TRANSACTION TYPE, and a Product ID from PRODUCTS.
But Dave Budd, Middlesbrough Council's Executive councillor for regeneration, said the authority would ensure it collected all the evidence necessary for any compulsory purchase orders to be made in the demolition area.
An example: At UPS, we offer a free Web-based tool called Quantum View, which tracks the purchase order number to deliver a complete picture of shipping activity.
* Purchasing managers must accept responsibility for purchase orders being correct and complete.
In recent years, many businesses have discontinued their use of purchase orders. This has happened as businesses look to save the time needed to prepare them, and as they turn to purchasing alternatives.
I used some examples earlier on different grades where it may not simply be the PSI standards being applied, [but] a customer has some additional needs that it would like as part of its purchase order. The mill specs and documents need to be with the suppliers.
Moreover, the system reduces errors, enabling vendors to save on labor and shipping costs because they can pick, pack and ship orders without having to correct data from paper-and-ink purchase orders. Additionally, the system complements the university's current electronic cash-handling system and accommodates electronic invoice matching--allowing vendors to discontinue monthly paper bill cycles.
It's not too difficult to recall those days when purchase orders were handwritten or typed on carbon copies, stored in loose-leaf binders and sent to vendors via mail.
Purchase orders aren't exactly commonplace for smaller remodeling companies, but according to Paul Morse of Morse Constructions in Somerville, Mass., they should be.