Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Investopedia / Matthew Collins Reference numbers commonly include random numbers or letters ...

A purchase order is a legally binding document between a supplier and a buyer. It details the items the buyer agrees to purchase at a certain price point. It also outlines the delivery date and terms ...

Convincing your employees to fill out extra paperwork when they need materials or supplies can be difficult, but putting a procurement system in place helps control costs and creates a paper trail ...