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- The four types of purchase orders are12:
- Standard Purchase Order (PO): A normal order for a specific quantity and price of goods or services.
- Planned Purchase Order (PPO): A long-term order for a certain quantity and price of goods or services, but with no delivery dates specified.
- Blanket Purchase Order (BPO): A recurring order for a certain quantity and price of goods or services, with multiple delivery dates over a period of time.
- Contract Purchase Order (CPO): A legal agreement for a fixed amount of goods or services, with specific terms and conditions.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The four types of purchase orders are:
- Standard Purchase Orders (PO)
- Planned Purchase Orders (PPO)
- Blanket Purchase Orders (BPO) (Also referred to as a “Standing Order”)
- Contract Purchase Orders (CPO)
www.tradogram.com/blog/the-different-types-of-pur…There are mainly four different types of purchase orders:
- Standard Purchase Order (PO)
- Planned Purchase Order (PPO)
- Blanket Purchase Order (BPO)
- Contract Purchase Order (CPO)
blog.peakflo.co/en/account-payable/types-of-purch… - People also ask
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Before diving into the types of purchase orders, you should understand these basic accounting terms: 1. Encumbrance:This is business revenue set … See more
- Standard purchase order
- The standard purchase order is the type most of us are familiar with. Companies …
- Planned purchase order
- A planned purchase order includes a similar level of detail … See more
Part of successfully sending all types of purchase orders to vendors is setting up an automated purchase order approval process so vendors receive purchase orders promptly. … See more
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