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  2. Purchase order - Wikipedia

    en.wikipedia.org/wiki/Purchase_order

    An example of a purchase order request from a travel agent. A purchase order, often abbreviated to PO, is a commercial document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services required. [1] It is used to control the purchasing of products and services from external suppliers. [2]

  3. Purchasing process - Wikipedia

    en.wikipedia.org/wiki/Purchasing_process

    Purchasing is the formal process of buying goods and services. The purchasing process can vary from one organization to another, but there are some common key elements. The process usually starts with a demand or requirements – this could be for a physical part ( inventory ) or a service . [ 1 ]

  4. Order (business) - Wikipedia

    en.wikipedia.org/wiki/Order_(business)

    From a buyer's point of view it expresses the intention to buy and is called a purchase order. From a seller's point of view it expresses the intention to sell and is referred to as a sales order. When the purchase order of the buyer and the sales order of the seller agree, the orders become a contract between the buyer and seller.

  5. Blanket order - Wikipedia

    en.wikipedia.org/wiki/Blanket_order

    A blanket order, blanket purchase agreement or call-off order [1] is a purchase order which a customer places with its supplier to allow multiple delivery dates over a period of time, often negotiated to take advantage of predetermined pricing. It is normally used when there is a recurring need for expendable goods.

  6. Purchasing - Wikipedia

    en.wikipedia.org/wiki/Purchasing

    Purchasing is the procurement process a business or organization uses to acquire goods or services to accomplish its goals. Although there are several organizations that attempt to set standards in the purchasing process, processes can vary greatly between organizations.

  7. What is inflation? Here’s how rising prices can erode your ...

    www.aol.com/finance/inflation-rising-prices...

    Key takeaways. Inflation is a sustained increase in prices of goods and services, which can negatively impact purchasing power and lead to tough financial decisions for consumers.

  8. Group purchasing organization - Wikipedia

    en.wikipedia.org/wiki/Group_purchasing_organization

    In the United States, a group purchasing organization (GPO) is an entity that is created to leverage the purchasing power of a group of businesses to obtain discounts from vendors based on the collective buying power of the GPO members. [1] Many GPOs are funded by administrative fees which are paid by the vendors that GPOs oversee.

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    Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!