Skin ADV

Supply Chain Glossary

Glossary  >  O  >  Order, Purchase  


 

Order, Purchase


Source: Procurement Glossary
Author: Paul Rogers
Institute: CIPS - UK

Courtesy of


 

A purchase order [PO] is a document issued by a buyer to their supplier that defines what is needed, in what quantity, when performance is required, and on what terms, including price and payment terms.  The issue of a purchase order is increasingly a prerequisite in many payment systems for the payment of invoices, so as the practice of paying invoices without a matching PO declines, the proportion of transactions made by raising a PO is increasing, except for low value transactions.  Procurement cards, as the lowest cost acquisition method, are often used for low value acquisitions.

Legally, purchase orders can become part of the ‘battle of the forms’ between buyer and supplier, when each party exchanges documents with slightly different terms, making it hard to define when offer and acceptance were made on unambiguous and agreed terms.  To avoid this, many recurring purchases are made subject to an overarching agreement with the supplier, so that each PO ‘calls off’ against a formal agreement which defines the terms and conditions of the arrangement.  See also Battle of the Forms.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




Job Opportunities
 
Procurement Manager Bay Area, CA
     
     Bay Area, CA  -  PERM  -  Teldar Group

Procurement Director Bay Area, CA
     
     Bay Area, CA  -  PERM  -  Teldar Group

Sourcing Manager North Carolina
     
     North Carolina  -  PERM  -  Teldar Group

Senior Buyer San Francisco, CA
     
     San Francisco, CA  -  PERM  -  Teldar Group

Sourcing Manager Travel FL or TX
     
     FL or TX  -  PERM  -  Teldar Group

Supply Chain Manager Chicago, IL
     
     Chicago, IL  -  PERM  -  Teldar Group

Senior Sourcing Manager FL or TX
     
     FL or TX  -  PERM  -  Teldar Group

Sourcing Manager Fl or Tx
     
     Fl or Tx  -  PERM  -  Teldar Group

Facilities Procurement Manager San Mateo, CA
     
     San Mateo, CA  -  PERM  -  Teldar Group

IT Procurement Manager San Mateo, CA
     
     San Mateo, CA  -  PERM  -  Teldar Group

Senior Procurement Manager San Mateo, CA
     
     San Mateo, CA  -  PERM  -  Teldar Group

Sourcing Manager Nebraska
     
     Nebraska  -  PERM  -  Teldar Group

Senior Sourcing Analyst Metals North Carolina
     
     North Carolina  -  PERM  -  Teldar Group

Procurement Services Supervisor Sacramento, CA
     
     Sacramento, CA  -  PERM  -  Teldar Group

Global Category Leader Chicago, IL
     
     Chicago, IL  -  PERM  -  Teldar Group

 

Supply chain E-learning



Explore available supply chain e-learning modules by language and academy



News & Trends
 

Last update 11 Jan 2023
US manufacturing operating conditions deteriorate at fastest rate since May 2020
   Source: S&P Global US Manufacturing PMI   -  IHS Markit
United States 


Chemicals & Pharmaceuticals

Maximum safety and reliability and reducing the costs for our customers at the same time: we are able to offer the chemical industry an extensive range of chemical logistics services that hardly any other logistics specialist can match. It is our goal to harmonise our services with your specifications in s...


Education
 

Resources
 
Erema: Gaining a competitive edge through preferential exports

Erema, an Austrian manufacturer of recycling systems, uses AEB software to accelerate the proper classification of its components, manage supplier’s declarations, and ensure compliance in its exports. Erema ship...

After-sales service as a driver for word-of-mouth and customer satisfaction: insights from the automotive industry

This study aims to study the effect of the after-sales service experience and its quality on overall customer satisfaction and word-of-mouth (WOM) within the automotive industry. Based on the additional marketing mix ele...


International Agenda