A purchase order is a legally binding document between a supplier and a buyer. It details the items the buyer agrees to purchase at a certain price point. It also outlines the delivery date and terms ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Convincing your employees to fill out extra paperwork when they need materials or supplies can be difficult, but putting a procurement system in place helps control costs and creates a paper trail ...