Prepare Purchase Order is the process of preparing and issuing a purchase order to a vendor. This process includes collecting all the necessary information from the vendor, such as the item or service being purchased, the amount to be purchased, the payment terms, and any other conditions of the purchase. Once this information has been gathered, the purchase order is created and sent to the vendor. The purchase order includes the details of the purchase and serves as a binding contract between the buyer and the vendor. It also serves as a record of the transaction, allowing both parties to refer back to it in case of any discrepancies. Prepare Purchase Order is a crucial step in the purchasing process, as it helps ensure that the vendor will be able to provide the item or service specified in the purchase order. It also helps ensure that the buyer will receive the item or services for the agreed upon price.