Purchase Order Management | The Basics

Transform your PO management and set up your supply chain using a proven approach. Improve the PO process to meet procurement goals and maintain your budget efficiently. Learn best practices for PO process optimization.
- Learn more about Precoro: precoro.com/
- Book a personalized demo: precoro.com/get-a-demo
- Check out more tips and tactics on our blog: precoro.com/blog/
With a well-structured PO process, you’ll be able to:
* Receive goods or services on time;
* Handle unexpected expenses;
* Gain better control over the spending pipeline;
* Forecast your budgeting;
* Avoid unnecessary purchasing;
* Improve collaboration with suppliers.

[@DMarcusEason-yr5gh]

Thanks, I'm trying

[@ishrarg]

Good Explaination 👍

[@barrywitt1661]

explanation

[@ishrarg]

Thanks for explaining the explanation

[@mesembecollins3374]

i think the issuance of a quotation comes before the PO. Because even though the PO can be revised. its best to agree on terms from the quotation before issuing a PO. For example a PO of 100 LOI should not be revised.