answersLogoWhite

0

A purchase order (PO) is a legal document "Contract" issued by the buyer to the supplier, indicating specifications, quantities, prices and agreed terms and conditions.

A purchase requisition (PR) is a request for the creation of a purchase order; includes the material to be purchased (Items specifications, quantities, estimated cost, budget code a requested delivery date...etc).

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

What is the difference between a work order and a purchase order?

what is the difference between a work order and a purchase order?


What information is needed to convert a purchase requisition to a purchase order?

Vendor


What are Difference between work order and requisition?

A work order is a formal document that authorizes the execution of a specific task or project, often detailing the work to be completed, the resources required, and the timeline for completion. In contrast, a requisition is a request for goods or services, typically initiated by an employee or department to procure materials or resources needed for operations. Essentially, a requisition leads to a purchase or acquisition, while a work order directs the actual work to be performed.


What items of information are require in order to process a purchase requisition?

There are a number of items of information that are required in order to process a purchase requisition. Some of them include items being purchased, quantity, price per unit and so on.


What is the difference between a purchase order and a subcontract?

None


What is the difference between order and purchase order?

There is no specific difference between Work Order and Purchase Order. However, in general the term Purchase Order is used wherein there is only Supply part involved or Installation is free of cost and Work Order is wherever there is Supply + Installation or Installation Works. But either can be used anywhere.


What is a purchasing requisition?

A purchasing requisition is a document filled out by an employee and given to the purchaser who issues a purchase order and orders the item(s). The requisition should state the quantity needed, the cost per unit of the item, date required, and usually the supplier name. Sometimes the purchaser will have to find a supplier. The requisition can be denied by the purchaser.


What is the difference between work order and purchase order?

There is no specific difference between Work Order and Purchase Order. However, in general the term Purchase Order is used wherein there is only Supply part involved or Installation is free of cost and Work Order is wherever there is Supply + Installation or Installation Works. But either can be used anywhere.


What is the difference between purchase order and purchase work order?

purchase order defined the product which you want directly from the vendor for smooth production. and purchase work order contains lot of procedure to complete the work


Difference between purchase order and proforma invoice?

Purchase order raise by purchase party but Profarma invoice raise by saler party on behalf of purchase order as a sample bill. Pramod kumar 9911582862


What are the 3 main documents used in the purchasing process?

The three main documents used in the purchasing process are the purchase requisition, the purchase order, and the invoice. The purchase requisition is an internal document that requests the procurement of goods or services. The purchase order is a formal document sent to the supplier, detailing the items, quantities, and agreed prices. Finally, the invoice is a bill issued by the supplier requesting payment for the delivered goods or services.


What is the Difference between letter of intent and a purchase order?

LOI is for giving work to Employer Purchase order is for Components in work (Like Materials) Simply LOI- WORK PO - Material