The official business definition of Create Purchase Order is the process of ordering goods and services from an external source. It is a legally binding document that outlines the details of the transaction between the buyer and the seller. The purchase order contains the quantity, description, and cost of the goods or services being purchased, as well as any other relevant information such as delivery date, payment terms, and special instructions. The purchase order also serves as a record of the transaction, which can be used for tracking and auditing purposes. The process of creating a purchase order typically involves the buyer submitting a request for quotation (RFQ) to the seller, who then responds with a quotation. The buyer then reviews the quotation and either accepts or rejects it. If accepted, the buyer will issue a purchase order to the seller, who then fulfills the order. The purchase order serves as a legally binding agreement between the buyer and the seller, and should be reviewed carefully before signing.