Order (business)
In business or commerce, an order is a stated intention, either spoken or written, to engage in a commercial transaction for specific products or services. From a buyer's point of view it expresses the intention to buy and is called a purchase order. From a seller's point of view it expresses the intention to sell and is referred to as a sales order. When the purchase order of the buyer and the sales order of the seller agree, the orders become a contract between the buyer and seller.
Within an organization, the term order may be used to refer to a work order for manufacturing, a preventive maintenance order, or an order to make repairs to a facility.
In many businesses, orders are used to collect and report costs and revenues according to well-defined purposes. Then it is possible to show for what purposes costs have been incurred.
Read more about Order (business): Spoken Orders, Steps in Commercial Orders, Uniform Commercial Code, Aggregate Level of Orders
Famous quotes containing the word order:
“All grandeur, all power, all subordination to authority rests on the executioner: he is the horror and the bond of human association. Remove this incomprehensible agent from the world and at that very moment order gives way to chaos, thrones topple and society disappears.”
—Joseph De Maistre (1753–1821)