The Quote Purchase Order Invoice Process (QPOIP) is the official business definition of the process used to manage the purchase of goods and services. This process involves the use of a quote, purchase order, and invoice to complete the purchase. The quote is the initial document that is sent to the customer by the seller. It outlines the goods and services being offered, the cost, and any other relevant information. The customer then reviews the quote and, if they agree to the terms, they will submit a purchase order. This purchase order is a legally binding document that confirms the customer’s commitment to purchase the goods and services. The seller then sends an invoice to the customer, which outlines the total cost of the purchase and any other applicable fees. The customer then pays the invoice, and the purchase is complete. The QPOIP is an efficient and effective way to manage the purchase of goods and services, and it is the official business definition of the process.