purchase order
Written authorization for a supplier to ship products at a specified price, which becomes a legally binding contract once the supplier accepts it.
Related Terms on BusinessDictionary
contractee
cooperative purchasing
counter-offer
electronic data interchange (EDI)
insertion order
letter of award
method of procurement (MOP)
order point
order point system
standing order
blanket order
procuring authority
buying cycle
buying pattern
buying structure
subcontract
checks and balances
transshipment
conditional acceptance
vendor managed inventory (VMI)
cooperative purchasing
counter-offer
electronic data interchange (EDI)
insertion order
letter of award
method of procurement (MOP)
order point
order point system
standing order
blanket order
procuring authority
buying cycle
buying pattern
buying structure
subcontract
checks and balances
transshipment
conditional acceptance
vendor managed inventory (VMI)
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