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7 years ago

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What is Purchase Order?

Purchase Order (PO) is a contract created by buyer to confirm his purchase of goods or services offered by seller. It has the following information:

Order Number The unique number identify the contract

Order Date The date of purchase order

Buyer name The name of buyer

Purchased items information One or more items purchased by buyer; It contains item description, unit price and quantity, and subtotal price;

Price information The contract price such as subtotal and shipping_fee, grand_total, and discount information if any

Payment Method The payment method chosen for this purchase order

Shipping Option and Address The shipping option chosen for this purchase order, and shipping address; A purchase order can contain more than one shipping options

A Purchase Order is generated when buyer confirms his/her purchase of items to merchants and completes PO submission. Each purchase order life cycle may vary and is subjected to the payment method, and the follow up actions merchant or customer act on them.

A Purchase Order contains one or more shipping orders.