📝 PO

What is a PO?

PO stands for Purchase Order, a commercial document issued by a buyer to a seller, specifying the products, quantities, and agreed prices for goods or services.

Imagine you're running a retail store and need to restock your inventory. You issue a purchase order to your supplier, detailing the items you want to purchase, the quantities, and the prices. The supplier then uses this PO to process your order and arrange delivery.

Purchase orders help streamline the buying process, ensure accurate order fulfillment, and provide a clear record for both buyers and sellers.