A purchase order is a written contract that a buyer sends to a seller to show what products or services they want the seller to provide. Purchase orders usually contain a great deal of information, including:
Purchase orders can be used for a variety of purposes, not just ordering new products. They can also be used to receive products into your warehouse and return products that are damaged or obsolete.
Because purchase orders are such an important part of managing inventory, it makes sense that businesses should look for ways to make them easier to create and organize. That’s where purchase order software comes in.
Purchase order software speeds up the process of generating purchase orders by saving vendor information, product ID numbers, prices, and a lot of other data. So when you need to order a part, all you have to do is select the right vendor and product, and the purchase order system will automatically populate the form with the rest of the details. The only things really left are to enter how many products you want to receive and where they should be sent to.
Receiving and returning inventory with purchase order software are even faster than placing orders. The information is already stored in the original purchase order, so you just have to go in and make a few changes.
Purchase order software helps companies save time by making it faster and easier to order and receive inventory. Fishbowl offers user-friendly purchase order software and many other useful features to help you manage your inventory more efficiently. Start using Fishbowl in your business today by signing up for a free trial.