What is purchase order sample ?

Definition

A purchase order, or PO, is a formal document that specifies products or services a business intends to purchase. It is a contract that states the terms and conditions of business between the two parties. The supplier agrees to sell the products or services and accepts payment as per the document, and the buyer agrees to buy the products at a fixed price and specified time. A purchase order can also be issued for future delivery and contain additional information about customs, shipping, taxes, and duties. Understanding what a purchase order is and how it works can help you manage your inventory, track expenses, and determine where your company stands financially. In this article, we will explore how a purchase order sample can ease the process.