Why is it important to define the payment terms clearly in the purchase order?

With the globalization of supply chain, purchasing principles, practices and strategies are continuously changing. Take any item of daily use like a car, scooter, TV, air conditioner, washing machine, laptop, cordless telephone, mobile or anything one may think, the terms of payment is an important consideration in purchasing among various other issues to be considered. The price quoted by the […]

by · March 12, 2016 · Procurement