A purchase order status is an indicator of where a particular order is in its purchasing cycle. This shorthand communication tool is used to indicate the progress of a purchase order between buyer and supplier, with each status marked by distinct milestones. Common statuses include ‘Requested’ for when a quotation or purchase order has been created; ‘Fulfilled’ for when all goods and services have been delivered under the purchase order; and ‘Closed’ for when the buyer has accepted the delivery and no further action is required. By adopting an effective purchase order status system, organizations can better manage their financial and operational activities, while staying on top of their procurement processes.