The Purchase Order stage converts approved requisitions into formal orders issued to vendors. It defines the required items, quantities, delivery dates, pricing, and terms. This stage ensures contractual clarity, enables vendor commitment, and provides the foundation for accurate fulfillment and financial reconciliation.
Key Outcomes:
• Clear and enforceable procurement commitments
• Reduced order errors and discrepancies
• Improved vendor communication and predictability
• Stronger alignment between operations, procurement, and finance