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[Music] hi im will from unleashed in this video im going to explain the four different types of purchase orders that may exist within a business the first one is a standard purchase order then we have a planned purchase order then we have a blanket purchase order and finally a contract purchase order so lets look at each of these in a bit more detail so the standard purchase order is where we know all the information about what were ordering so we know the quantity we know the price and we know the delivery schedule so when we can expect that product to arrive in our warehouse and those are the most common purchase orders that will be sent for a business the next one that is most common is the planned purchase order under this purchase order we know all the information except the delivery schedule so we know how much it costs us we know how many we want for the delivery schedule may differ an example for this could be our supplier does not have all of the stock that we need so the
