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Inventory Management AI
Increase revenue with demand forecasting, reordering rules and inventory AI
Inventory management
Question

Purchase Order - What does PO mean in payment?

Answer

A PO is a legally binding document that details the terms and conditions of payment between a supplier and a customer. It signifies the buyer's intent to acquire the vendor's products or services and sets the terms of payment. The buyer's requirements can be communicated to the supplier with the use of a purchase order (PO), which details the particulars of the transaction.