Could you explain how many type of purchase order and explain it?

Question

Accepted Answer

There are three types of purchase orders: Standard, Blanket, and Contract.

Standard Purchase Order: Used for one-time purchases of goods or services.
Blanket Purchase Order: Used for recurring purchases of goods or services over a period of time.
Contract Purchase Order: Used for long-term purchases of goods or services with a specific supplier.
Each type of purchase order has its own unique characteristics and is used in different situations.
For example, a company may use a standard purchase order to buy office supplies, a blanket purchase order to buy cleaning services for the year, and a contract purchase order to buy raw materials from a supplier for a manufacturing process.

Accepted Answer

there are different types of Po which is generate in my existing companies e.g. Fixed Po ,Open Po, Job work Po

Top Tata AutoComp Systems Purchase Executive interview questions & answers