Purchase-order

A purchase order is a commercial document issued by a buyer to a seller, indicating the details of the products or services requested. It serves as an official offer to buy and, once accepted by the seller, creates a legally binding contract. Purchase orders help in tracking and managing orders, inventory, and finances.

Purchase-order meaning with examples

We received the purchase order for 500 units of the new software package yesterday, and we’ll start processing it immediately to ensure timely delivery to the client. It’s crucial for our operations to maintain efficient inventory levels based on the orders received.
After reviewing the estimates, our finance team generated a purchase order for the office supplies needed for the upcoming quarter. This helps us control our spending and ensures that we have all necessary supplies on hand to maintain productivity.
The project manager sent out a purchase order to all subcontractors for specialized equipment rentals, clearly outlining the terms of use and payment conditions. This is essential to avoid any misunderstandings and ensures everyone is on the same page regarding deliverables.
To streamline our procurement process, we implemented an electronic purchase order system that allows departments to submit requests easily. This transition has significantly reduced paperwork and improved tracking of orders, leading to better financial oversight.

Purchase-order Synonyms

acquisition agreement bill buy order buying order contract invoice order order form procurement purchase purchase agreement purchase request purchase requisition request requisition sales order supply order transaction transaction order

Purchase-order Antonyms

abandonment absolution cancellation denial disagreement disapproval disavowal discharge dismissal exoneration forfeiture noncompliance opposition refund refusal rejection repudiation return waiver withdrawal