What is Purchase and Inventory Management in CRM?

 


A purchase order, or PO, is an official document issued by a buyer committing to pay the seller for the sale of specific products or services to be delivered in the future.

The advantage to the buyer is the ability to place an order without immediate payment. From the seller’s perspective, a PO is a way to offer buyers credit without risk, since the buyer is obligated to pay once the products or services have been delivered. Each PO has a unique number associated with it that helps both buyer and seller track delivery and payment. A blanket PO is a commitment to buy products or services on an ongoing basis until a certain maximum is reached. In Salestack CRM contains products or service details, Quantity, Price and taxes, Address Information, Dates, Parties involved, Terms and Conditions, and Discounts. Users can share Purchase Order on Whatsapp.

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