PO
PO — Purchase Order,Definition Summary: A document issued by the buyer to the seller confirming the intent to purchase specific goods at agreed terms.
A Purchase Order is the buyer’s formal commitment to buy. It lists items, quantities, agreed prices, delivery dates, and terms. Once accepted by the seller, it becomes a binding contract. In practice, a PI from the seller and a PO from the buyer often mirror each other, confirming both sides agree on the deal before production begins.