Contract : It is a mutual agreement between the contracting parties that contains the essential elements of a contract.
Contracts are normally used to purchase Services
PO : It is normally only considered an offer to purchase something when issued,it becomes a contract when the vendor :
a) issues an acknowledgement accepting the PO's T&C without changes or
b) Ships the goods or provides services in accordance with the PO
PO's are normally used to purchase Goods
Contracts are normally used to purchase Services
PO : It is normally only considered an offer to purchase something when issued,it becomes a contract when the vendor :
a) issues an acknowledgement accepting the PO's T&C without changes or
b) Ships the goods or provides services in accordance with the PO
PO's are normally used to purchase Goods
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