
Purchase Order
A Purchase Order (PO) is a formal document that a buyer sends to a seller to request goods or services. It outlines details such as the type of items, quantities, prices, and delivery dates. The seller reviews the PO, and once accepted, it serves as a legally binding agreement between both parties. POs help businesses keep track of their purchases, manage budgets, and maintain organized records. They are commonly used in various industries to streamline the ordering process and ensure that the buyer receives exactly what is needed.