What does purchase order mean?
Definitions for purchase order
pur·chase or·der
This dictionary definitions page includes all the possible meanings, example usage and translations of the word purchase order.
Princeton's WordNet
order, purchase ordernoun
a commercial document used to request someone to supply something in return for payment and providing specifications and quantities
"IBM received an order for a hundred computers"
Wiktionary
purchase ordernoun
A commercial document issued by a buyer to a seller, indicating the type, quantities and agreed prices for products or services the seller will provide to the buyer.
Wikipedia
Purchase order
A purchase order (PO) is a commercial document and first official offer issued by a buyer to a seller indicating types, quantities, and agreed prices for products or services. It is used to control the purchasing of products and services from external suppliers. Purchase orders can be an essential part of enterprise resource planning system orders. The issue of a purchase order does not itself form a contract. If no prior contract exists, then it is the acceptance of the order by the seller that forms a contract between the buyer and seller.
ChatGPT
purchase order
A purchase order is a formal document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services. It serves as a legally binding contract, authorizing the seller to supply the specified goods or services at the agreed-upon price and within a specified time frame. Purchase orders are used in business transactions to keep track of orders, control spending, and ensure transparent and efficient procurement processes.
Wikidata
Purchase order
A purchase order 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. Examples of SaaS providers automating this process include TradeCard and GT Nexus.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of purchase order in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of purchase order in Pythagorean Numerology is: 7
Translations for purchase order
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"purchase order." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/purchase+order>.
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