oboloo

oboloo Glossary

Purchase Order From Buyer

oboloo Glossary

Purchase Order From Buyer

The official business definition of a Purchase Order From Buyer is a document issued by a buyer to a seller, indicating the type, quantity, and agreed price for goods or services the seller will provide to the buyer. This document is legally binding and is used to control the purchasing of goods and services from external suppliers. It is also used to document the buyer’s commitment to purchase the goods or services and the seller’s commitment to provide them. The purchase order should include the name and contact information of the buyer and seller, the item description, quantity, price, payment terms, delivery date, and any other relevant information. It is important to note that the purchase order does not constitute a contract until it is accepted by the seller. Once accepted, the purchase order serves as a contract between the buyer and seller.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971