Purchase Order > Purchase Orders and Quotes

Purchase orders represent confirmed and binding orders. It can be created using the Create Purchase Order, Create Multiple Purchase Orders, Approve Purchase Quote, and Release Blanket PO functions.

Purchase quotes are suppliers’ quotations that list the inventory items to be potentially purchased from them. They are non-binding and do not affect the inventory item quantities and supplier account balances. Purchase quote numbers use the same numeric sequence as the purchase order numbers. When quotes are converted into purchase orders using the Approve Purchase Quote function, the purchase quote number becomes the purchase order number.

You can process purchase orders using the following functions:

•Create Purchase Order by Vendor

•Create Multiple Purchase Orders

•Receive Goods

•Cancel PO Backorder

You can process purchase quotes using the following functions:

•Create Purchase Quote by Vendor

•Create Multiple Purchase Quotes

•Approve Purchase Quotes

Purchase Orders and Quotes

Purchase Orders and Quotes

See Also