in case of a big industrial organisation:
what are the various stages through which a purchasr order (received from a customer in normal course of business) is executed ? & what are the various documents involved therein?
siddharth jain (ca- ipcc) (197 Points)
09 March 2012in case of a big industrial organisation:
what are the various stages through which a purchasr order (received from a customer in normal course of business) is executed ? & what are the various documents involved therein?
Atika
(article association)
(47 Points)
Replied 10 March 2012
Big industrial organisation, always at initial stage demand quotation frm vendors and after finding it suitable draft a purchase order to give a reply for the said quotation... The po is a legal document which deliver the specification of the services or goods to be delivered. The po stands alone as a contractual obligation about confirmation of quotation and a basis for the vendor to demand their payments. Po in itself is a document, so no further document is needed. For vendor it is a basis for making the invoice as the po is the approval of the quantity and rates.