oboloo

oboloo Glossary

Request For Purchase Order

oboloo Glossary

Request For Purchase Order

The official business definition of a Request for Purchase Order (RFPO) is a document that is used to initiate the purchase of goods or services from a vendor. It is a formal request from a buyer to a seller that includes all the necessary information for the seller to process the order. This includes the item description, quantity, price, delivery terms, payment terms, and any other relevant information. The RFPO is typically the first step in the purchase process and is used to ensure that the buyer and seller have a clear understanding of the terms of the transaction. It is important for both parties to have a clear understanding of the details of the purchase before any money is exchanged. The RFPO also serves as a legal document that can be used to protect both parties in the event of a dispute.

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