Supplier Purchase Orders definition
Purchase Orders means official orders issued by an operating division of Transnet to the Supplier/Service Provider for the supply of Goods or Services;
Purchase Order (PO) means a written offer made by a purchaser to a supplier formally stating the terms and conditions of a proposed transaction.
Purchase Order means the form or format a Customer uses to make a purchase under the Contract (e.g., a formal written purchase order, electronic purchase order, procurement card, contract or other authorized means).
IITK Purchase Order means the IITK’s official Purchase Order document;
The Purchase Order means the order placed by the Purchaser on the Supplier signed by the Purchaser including all attachments and appendices thereto and all documents incorporated by reference therein. The purchase order shall be deemed as "Contract" appearing in the document.
Product Schedule means PTC’s standard order form entitled “PTC Product Schedule” (including all schedules, attachments and other document(s) specifically referenced therein) or such alternative order form as may be submitted by Customer and accepted by PTC, in each case that specifies (i) the Licensed Products and/or Services ordered; and (ii) for Licensed Products, the installation address (including the Designated Country) and the Licence Term.
Purchase Order Number means the Customer’s unique number relating to the supply of the Services;
Supplier/Contractor means the individual, firm or company with whom the contract has been concluded for supplying the Goods and Services under the Contract. The Supplier/Contractor shall be deemed to include its successors (approved by the purchaser), representatives, heirs, executors, administrators and permitted;
Contract Manufacturer means a company that produces goods under contract for another company under the label or brand name of that company.
Product Specifications means those product, labeling and performance specifications for the Product filed with and approved by the relevant Regulatory Authority, including Product formulae, labeling, and materials required for the manufacture of the Product that is to be purchased and supplied under this Agreement, as such are set forth on Schedule 1.25, which specifications may be amended by the Parties from time to time in accordance with this Agreement.
Firm Order shall have the meaning set forth in Section 5.2.
Manufacturing Services means the manufacturing, quality control, quality assurance, stability testing, packaging, and related services, as set forth in this Agreement, required to manufacture and supply Product or Products using the Active Materials and Components;
Supplier means the successful bidder who is awarded the contract to maintain and administer the required and specified service(s) to the State.
Product Manufacturer means the entity that assembles the component parts to manufacture the final Product;
Contractor/Supplier means the person or company whose tender is accepted by the Purchaser and shall be deemed to include the Contractor’s successors, heirs, executors, administrators, representatives and assigns approved by the Purchaser.
service supplier means any person that supplies a service;
Manufacturer means the person or body who is responsible to the approval authority for all aspects of the type approval process and for ensuring conformity of production. It is not essential that the person or body is directly involved in all stage of the construction of the vehicle, system, component or separate technical unit which is the subject of the approval process.
Finished Products means any one or more of the following petroleum oils, or a mixture or combination of these oils, to be used without further processing except blending by mechanical means:
Product Specification means a file attached to the application for the protection of a geographical indication, in which the specifications with which the spirit drink has to comply are set out, and which was referred to as a ‘technical file’ under Regulation (EC) No 110/2008;
Contract Specifications means the principal trading terms in CFD (for example Spread, Swaps, Lot Size, Initial Margin, Necessary Margin, Hedged Margin, the minimum level for placing Stop Loss, Take Profit and Limit Orders, financing charges, charges etc) for each type of CFD as determined by the Company from time to time. The Contract Specifications appear on the Website.
Batch means a specific quantity of Product that is intended to be of uniform character and quality, within specified limits, and is produced during the same cycle of Manufacture as defined by the applicable Batch Record.
Supplier Agreement means this overarching agreement, consisting of these terms and conditions and any schedules to them, setting out the arrangements for management of the DPS, the process to apply when a Customer wishes to award Service Agreements via the DPS and the terms and conditions applicable to the carrying out of Service Agreements;
New Service Customers means all customers that submit an Interconnection Request, a Completed Application, or an Upgrade Request that is pending in the New Services Queue.
Tobacco product manufacturer means an entity that after the date of enactment of this act directly (and not exclusively through any affiliate) meets 1 or more of the following:
Shipment means a volume of products offered to and accepted by Carrier for transportation.
SCI has the meaning set forth with respect thereto in the preamble. ---
Once accepted by Supplier, Purchase Orders are firm and may not be cancelled or modified without the consent of the other Party.
All Licensor Purchase Orders and Approved Supplier Purchase Orders shall include a set of representations and warranties to the Purchaser which is consistent with those made by Licensor to American in Article 8.
Article 6Purchase Orders 6.1 Placement of Purchase Orders Consistent with the Short Term Rolling Forecast as set forth in Section 4.1, Customer shall place with Supplier Purchase Orders , stating Customer’s required delivery data, anticipated delivery schedule and the anticipated Fees, in accordance with the Fee Schedule set out in Exhibit C, for each delivery of Product to be made under this Agreement.
Payment for, and the ---------------------------------------- liability of, any and all accounts payable, and accrued and contingent liabilities, of Seller shall be the Seller's responsibility, excepting however those accounts payable generated by the Supplier Purchase Orders (hereafter defined) as set forth in Section 3.3(b) hereunder.
NotificationsNotifications are a way of communicating information to you and will be available in iSupplier when changes are made which impact the Supplier (Purchase Orders, Purchase Order changes, etc.).
Except as provided by Section 9.4 herein, after acceptance by Supplier, Purchase Orders are binding, and cannot be changed or cancelled by Cummins for the Lead Time.
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Table C-2 Age of collection systemPoints0 - 10 years211 - 20 years421 - 30 years631 - 40 years8Over 40 years10 The Category Factor is the higher of the two values from Tables C-1 and C-2 and will be used calculating the municipality factor.
During the Order Period, ISR may, from time to time, issue to Supplier Purchase Order(s) for Additional Units according to the operational needs of ISR (provided that each Additional Purchase Order shall include at least four (4) Additional Units).
means purchase orders for materials or equipment necessary to fulfill customer orders for which partial or full payment has been made yet materials have not been received by the Company
This article is for educational purposes and does not constitute financial, legal, or tax advice. For specific advice applicable to your business, please contact a professional.
A purchase order (PO) is a legal document sent by a buyer to their supplier. It demonstrates their commitment to pay for specific products and/or services from a seller, and establishes terms for payment.
A PO communicates the buyer’s needs to the seller, and establishes their expectations for the transaction. Whether you’re making a capital investment or simply purchasing new items to add to your inventory, the transaction starts with a purchase order.
Purchase orders can be helpful as they simplify the buying process. The process of buying goods with a purchase order is typically as follows:
- The buyer identifies a need for a product or service
- A PO is issued to the seller, either electronically or by post using purchase order templates
- The supplier receives the PO and confirms they are able to fulfil the order
- If they can fill the order, the supplier gets to work allocating stock or personnel
- If the order cannot be fulfilled, buyer is notified and the order is cancelled
- Goods are shipped or services provided. A PO number is assigned so that both parties can identify the specific order
- The seller then sends an invoice for the order, matching it to the PO number
- The buyer pays the invoice in accordance with the terms established in the PO
Purchase order example
Now you know the definition of a purchase order – but what does an example look like?
Although a PO is a legal document, there is no specific format a purchase order form should take. Whether you use our templates or create your own form from scratch, your PO should contain the following information:
- A unique PO number for the transaction
- Billing and shipping addresses for the buyer
- The supplier’s address, phone number and email address
- Order and delivery dates
- Names of personnel/departments that requested and approved the order
- An itemised list of goods to be purchased (including item codes/SKU numbers and prices)
- Payment terms
- Any applicable discounts
- The total value of the order (including taxes where applicable)
Advantages and disadvantages of using a purchase order
Purchase orders can simplify the ordering process, improving visibility and accuracy when managing your company’s finances. Because funds need to be available before a PO is issued, using them encourages better budgeting to manage operating cash flow.
Because they clearly set out the buyer’s expectations, they help to insulate against unpleasant surprises, and can facilitate fast and frictionless delivery of goods.
However, they can add a layer of administration that may bottleneck efficiency for smaller companies. Using a business credit card may help smaller companies to achieve the same ends more efficiently.
Managing purchase orders with Square for Retail
It’s easy to create and manage purchase orders with Square for Retail POS System. Once you’re set up, you can use them to track vendors, stock up on products and receive inventory.
To create a new purchase order with Square for Retail:
- From your online Square Dashboard, go to the Item tab > Inventory Management > Purchase Orders > Create Purchase Order.
- Enter purchase order details > click Create or Save as Draft. A maximum of 500 unique items can be added to a single Purchase Order.
- Check your vendor’s email address and add a note if you wish.
- If you would like a copy of the purchase order, select Send Me a Copy, Save as PDF or Save as CVS.
Frequently asked questions about purchase orders
Why do companies use purchase orders?
Purchase orders can be beneficial for businesses as they establish clear expectations for the transaction, and protect both the buyer and seller as they are legally binding.
What is the difference between a purchase order and an invoice?
A purchase order is sent by the buyer to request goods and establish terms for the transaction before it begins. However, an invoice is typically created by the seller to confirm that goods have been sent or services have been provided.
What is a blanket purchase order?
A blanket purchase order is an agreement between a buyer and seller for multiple deliveries over a set timeframe, for an established price. They are commonly used between businesses that have a longstanding relationship and often include discounts.
Learn more about how Square can help you manage Purchase Orders on our blog >