What is a Purchase Order?
Businesses can’t run without guts and data, and those who don’t understand the data sadly fail. That’s futile. A predictive PO (purchase order) system can escalate your business to soaring heights. Purchase order management has become a key point for the majority of retail businesses and it isn’t just limited to manually creating the POs. Contemporary software bring versatility to the buyers and offer easy accessibility to the minute and crucial tasks. Businesses can become prey to stocking issues such as an imbalance in inventory levels, lack of safety stocks, storage problems, inability to predict future stock, and much more! If you are new to the concept or someone who has just stepped into the e-commerce industry and planning to amp up your retail business, let’s break it down from scratch and understand. What is a Purchase Order? If you think of the term literally, it simply means an order to purchase a product. Basically, any purchase order can be called a legally binding documen