A purchase order is a commercial document that is issued by the buyer to the seller. This document indicates the type, quantity, quality and price for the product(s) or service(s) that the seller will have to deliver to the buyer on stated date. By sending a purchase order, the buyer makes a legal offer to the supplier for buying specific goods or services. When purchase order gets accepted by the supplier, it builds a legal relation between the buyer and the seller. Proper professional format is used to draft a purchase order like an invoice.
A purchase order is a commercial document which always generate by the seller for indicating the stuff related to the purchase, i.e. Types of purchase, quantities of purchased items, quality, agreed prices, delivery procedure, warranties, etc. No doubt, a purchase order form can equally use for products or services. Thus, a purchase order can also be written as (PO) that is actually recognized as an official document issued by a buyer to a seller for explaining the facts of purchase in a detailed manner.
Perhaps, a simple purchase order will serve as a legal record which accounts the milestones of transaction in a formal way. Apart of this, a general purchase order template will precisely streamline the stock of store as well as help the parties to eliminate the factors of disputes that maybe cause regarding to the issues of sale/purchase. This order will assist the business to track the orders carefully and provide goods to the buyer in first occurrence.
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