3.how many kinds of purchase order,s?

Question

Accepted Answer

There are several types of purchase orders depending on the nature of the purchase and the organization's requirements.

Standard Purchase Order: The most common type, used for regular purchases.
Blanket Purchase Order: Used for recurring purchases of a specific item or service within a specified period.
Contract Purchase Order: Used for purchases made under a long-term contract.
Planned Purchase Order: Created in advance to ensure availability of goods or services.
Service Purchase Order: Used for purchasing services rather than physical goods.
Internal Purchase Order: Used for interdepartmental purchases within an organization.
Drop Shipment Purchase Order: Used when the supplier directly ships the goods to the customer.
Consignment Purchase Order: Used when goods are supplied to a customer, but the ownership remains with the supplier until sold.
Emergency Purchase Order: Used for urgent or unexpected purchases.
Direct Purchase Order: Used for purchasing directly from the manufacturer or supplier without involving intermediaries.

Accepted Answer

Is it  important to track the inventory turns?

Top Sarovar Hotels & Resorts Purchase Executive interview questions & answers