A procurement contract which requests specific materials from a supplier. It includes a detailed description of the items requested, the quantity of items, an order number, the date the order was placed, the date the order is needed, delivery address, delivery instructions, and the current price. When the items are delivered, the purchase order can be compared to the bill of lading to determine if what was sent matches what was ordered.
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About growing the economic pie - by Tim Heston At The FABRICATOR's Leadership Summit, held last week in Austin, Texas, industry executives talked about growing the economic pie. One keynote speaker recalled how his business effectively grew the pie, thanks to open book management.
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