PO (Purchase Order)
PO (Purchase Order)
A Purchase Order (PO) is a legally binding document that initiates the procurement process between a buyer and seller. It serves as an agreement and communication of terms between the two parties, outlining quantities, products, prices, delivery dates, payment terms, and other requirements. The PO also acts as an authorization for the buyer to purchase goods or services from the seller in accordance with the agreed-upon terms.
