What is a Purchase Order? Definition, Meaning And More

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.

Pros of Purchase Order

-Avoid duplicate order

-Serves as legal documents

-Keep track of the upcoming orders

-Better budgeting

-Faster delivery

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Posted by Shashi Saurav

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