What is a Purchase Order Definition Meaning Creation amp Presentation
12/11/2021 Computer - IT - Webs
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Description
A Purchase Order (PO) is a buyer generated document that authorizes the purchase transaction. When the purchase is accepted by the seller, it becomes a contract binding both parties.
Types of Purchase Order
-Standard Purchase Order
-Planned Purchase Order
-Contract Purchase Order
-Blanket Purchase Order
Steps in Purchase Order
-Buyer creates a purchase requisition
-Buyer creates a purchase order
-Seller accepts or rejects a purchase order
-Buyer records purchase order
Comments
Shashi Saurav
Individual
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