Irrevocable Corporate Purchase Order
From Open Risk Manual
Revision as of 19:05, 21 December 2020 by Wiki admin (talk | contribs)
Definition
Irrevocable Corporate Purchase Order (ICPO) is a document drawn up by commercial buyers.
It contains:
- the quantities of products required
- the type of products required
- other conditions that the buyer wants the sale to proceed under.
Once submitted to the Vendor, it is deemed to be binding and the Corporation is obliged to complete the sale.
