Purchase Order


Also found in: Dictionary, Thesaurus, Financial, Acronyms, Wikipedia.
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 ?
New computer-based technologies make it easy to save time using purchase orders.
Segregating duties by having someone in accounting, instead of a receiving worker, compare purchase orders with packing slips adds a level of assurance.
Customers want and often demand fast and individualized service, with purchase orders fulfilled as soon as they arrive.
Checking purchase order numbers, quantity, pricing discounts, etc.
Historically, small-volume and custom home builders have generally shied away from purchase order systems.