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In this video tutorial, you will learn how to create an advanced purchase order (APO) with respect to a purchase requisition. Business needs should be defined through every requisition, which can be converted into a contract. Contracts establish long-term agreements with vendors to supply materials or services. There are two types of contracts: value contracts, which have a ceiling monetary amount that should not be exceeded, and quantity contracts, which specify the amount of goods or services the vendor will provide.
