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  3. Purchase Order Governance

Purchase Order Governance

Root Term: Purchase Order

Abbreviations or Acronyms: None

Definition:

1. (noun) The acts of controlling, directing, and standardizing the conduct, actions, and solutions associated with the oversight of Purchase Order Management.

2. (noun) The documented set of policies, standards, rules, and controls that define how one or more Purchase Order Items are to be registered, tracked, and managed within an Organization.

3. (noun) An Organization, or organizational unit, whose primary responsibility is to establish, oversee, and enforce the policies, standards, and controls governing the management of a set of Purchase Order Items.

Synonyms: None

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