What Are the Different Types of Purchase Order Forms?
Purchase orders serve the function of authorizing the purchase of goods or services from different vendors. Various purchase order forms are used for different sizes and types of purchases. These forms include purchase requisitions or requests, regular purchase orders, standing purchase orders, blanket purchase orders, contracts for services and change orders. In a regular purchase order process, if a business unit needs to make a purchase, it prepares a purchase order request or requisition detailing the items wanted, quantity, unit cost, when the items are required and the preferred vendor, if there is one. The business unit presents the request to a manager who is authorized to approve the purchase or to a purchasing department for approval. If the purchase order is for a major purchase or a large amount of money, it might require more than one level of approval before it is finalized.
