Why are Purchase Orders important?
Purchase orders are important for any size business as they serve as a legal agreement between a buyer and a seller. A PO is written confirmation of an order placed detailing the price, quantity and type of goods required. If, for instance, a supplier sends a wrong item or too many or too few the original purchase order will prove that the order is incorrect and avoid having a legal dispute or being overcharged.
As a business grows, it becomes increasingly important to have a purchase order system which automates the procurement process and controls purchasing activities throughout the organisation.
An online purchase order system helps prevent fraud, controls budgets and avoids duplicate purchases. Ultimately, any business which implements a purchase order system will save money and enable better planning for the future.
For further information on online purchase order systems please click here or call 0800 840 3336.
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