The purchase order is prepared by the buyer, often through a purchasing department. This process is typically done using electronic software systems, which allow for better tracking and electronic ...

Usually, businesses require a purchase requisition when a proposed purchase exceeds a certain amount. For example, Tufts University requires a requisition order for most purchases in excess of $2,000.

Last Revised: May 1998 The form to be used for internal orders is the Internal Purchase Order (IPO). (A complete description of the service being requested or purchase being made and the account to be ...