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oboloo Glossary

Order To Invoice

oboloo Glossary

Order To Invoice

Open Purchase Orders (OPOs) are a common business practice that allows organizations to purchase goods and services without the need to commit to a specific quantity or price ahead of time. An OPO is a legally-binding document that serves as a commitment from the buyer to purchase specific goods or services from the supplier. It allows the buyer to purchase the goods or services without having to commit to a fixed quantity or price until the goods or services are received. This type of purchase order is beneficial for both parties because it allows the buyer to purchase the necessary goods and services without being locked into any specific purchase amount or pricing. It also allows the supplier to gauge demand and adjust their pricing accordingly. OPOs are especially useful for businesses that require a large quantity of goods or services but are not ready to commit to a specific purchase amount or pricing. An OPO allows the buyer to secure the necessary goods and

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