eng
About   |   Newsletter
Demand & Supply Chain Management Evolution


Supply Chain Glossary

Glossary  >  O  >  Order, Purchase  


 

Order, Purchase


Source: Procurement Glossary
Author: Paul Rogers
Institute: CIPS - UK

Courtesy of


 

A purchase order [PO] is a document issued by a buyer to their supplier that defines what is needed, in what quantity, when performance is required, and on what terms, including price and payment terms.  The issue of a purchase order is increasingly a prerequisite in many payment systems for the payment of invoices, so as the practice of paying invoices without a matching PO declines, the proportion of transactions made by raising a PO is increasing, except for low value transactions.  Procurement cards, as the lowest cost acquisition method, are often used for low value acquisitions.

Legally, purchase orders can become part of the ‘battle of the forms’ between buyer and supplier, when each party exchanges documents with slightly different terms, making it hard to define when offer and acceptance were made on unambiguous and agreed terms.  To avoid this, many recurring purchases are made subject to an overarching agreement with the supplier, so that each PO ‘calls off’ against a formal agreement which defines the terms and conditions of the arrangement.  See also Battle of the Forms.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




Job Opportunities
 
Operativer Einkäufer (m/w) - 100%
     
     Zürich  -  PERM  -  Page Personnel

Product Supply Chain Owner
     
     Basel-City  -  PERM  -  Roche

Sourcing Specialist - 9 months (m/f)
     
     Geneva  -  PERM  -  Page Personnel

Warehouse Associate (m/w) - 100%
     
     Solothurn  -  PERM  -  Page Personnel

Prozessoptimierer (m/w) im Verpackungsbetrieb des Clinical Supply
     
     Aargau - Kaiseraugst  -  PERM  -  Roche

Procurement Project Manager Regulations / IVDR
     
     Zug  -  PERM  -  Roche

R&D Sourcing Manager
     
     Basel-City - Basel  -  PERM  -  Roche

Direct Procurement Business Partner
     
     Zug  -  PERM  -  Roche

Global Category Manager Instruments
     
     Zug  -  PERM  -  Roche

Senior Project Manager - Intra Logistics (m/f)
     
     Schwyz  -  PERM  -  Michael Page

Category Manager Electronics (m/w)
     
     International  -  PERM  -  Michael Page

Procurement Specialist (f/m) - 6 Months
     
     Basel  -  TEMP  -  Michael Page

Procurement Manager Medicine Branche - 100%
     
     Zürich  -  PERM  -  Michael Page

Global Supply Network Planner
     
     Nyon  -  TEMP  -  Page Personnel

Leiter Einkauf (m/w) - 100%
     
     Baden  -  PERM  -  Page Personnel



 
           Circular Economy     Industry 4.0     Blockchain 

     Internet of Things     Omni Channel 


Join us on


News & Trends
 

Last update 7 Aug 2020
Global manufacturing sees expansion for first time since January, as output and new orders edge higher
   Source: J.P.Morgan Global Manufacturing PMI ™  -  IHS Markit



Chemicals & Pharmaceuticals

Even industries driven by the strictest safety and environmental regulations are capable of reducing their costs. Our solutions improve each phase of the chemical logistics supply chain, to increase your supply chain performance, improve predictability and mitigate potential problems before they arise. B...


5 Key Tactics for Improving Your Demand Forecasts

The two most basic concepts in business are supply and demand, but as they play out in something as complex as the modern industrial supply chain they’re anything but basic. To wit, about 70% of supply chain bus...


Education
 
 5 
Nov
2020
Evaluation et Audit fournisseurs
     Lausanne
12
Nov
2020
Négociation Achats
     Lausanne

Local & Regional Agenda
 


Resources
 
Tudor Rose International increases productivity through integrated SCM platform ASSIST4

Tudor Rose International is Europe’s leading export market management company specialising in building brands around the world. In business for nearly 30 years, the innovative company mastered an ambitious IT mo...

Six Supply Chain Actions That Drive Wholesale Distribution Success

Wholesale Distributers are faced with growing costs, shrinking margins, new competitors and demanding customers. Effective supply chain management is what often separates successful wholesale distributors from those that...


International Agenda