How many types of Purchase Orders?
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Answer Posted / manjunath
Three types.
1. Individual / Regular Purchase Order :-
It is used for one time purchase.
2. Blanket Purchase Order :-
This po is used when the buyer wants to purchase
the same material many number of times from the single
Seller.
3. Limited Purchase Order :-
Here the amount is fixed, and the suppier supplys
the material as and when the buyer requires untill the
quantity or amount is less than or equall to the PO amount.
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