Purchase Order

Purchase Order

A purchase order (PO) is a commercial document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services the seller will provide to the buyer. Sending a purchase order to a supplier constitutes a legal offer to buy products or services. Acceptance of a purchase order by a seller usually forms a contract between the buyer and seller, so no contract exists until the purchase order is accepted. It is used to control the purchasing of products and services from external suppliers.

Creating a purchase order is typically the first step of the Order-to-cash process in an ERP system.

Read more about Purchase OrderBackground, Electronic Purchase Orders

Other articles related to "purchase order, purchase orders, order, orders":

Electronic Purchase Orders
... Many purchase orders are no longer paper-based, but rather transmitted electronically over the Internet ... It is common for electronic purchase orders to be used to buy goods or services online for services or physical goods of any type ...
Master–detail Interface
... Examples of a master-detail relationship are a set of purchase orders and a set of line items belonging to each purchase order, an expense report ... can use this master-detail relationship to enable users to navigate through the purchase order data and see the detail data for line items only related to the ...
Paul Terrell - Byte Shop and Apple
... The owner, Paul Terrell, went further, saying he would order 50 of the machines and pay $500.00 each on delivery ... Jobs then took the purchase order that he had been given from the Byte Shop to Cramer Electronics, a national electronic parts distributor, and ordered the components he needed to assemble the Apple I ... manager asked Jobs how he was going to pay for the parts and he replied, "I have this purchase order from the Byte Shop chain of computer stores for 50 of my ...
Legal Disputes - DigEcor V. E.Digital Corporation
... Maycom, was either unwilling or unable to fulfill a purchase order it had placed to fulfill a purchase order from its customer digEcor for 1,250 digEplayers and batteries ... regarding the non-delivery of its pre-paid purchase order placed in November, 2005 ...
Order (business) - Steps in Commercial Orders
... The main concern for commercial orders is that there must be agreement (offer and acceptance) for the order to be a contract ... is in place, businesses record these as confirmed purchase orders and confirmed sales orders ... created Buyer and seller agree to transaction Purchase order recorded Sales order recorded Product is shipped from seller to buyer Packing slip, pro forma ...

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