Can someone explain me what is limit type PO?? How is it diff frm Service and std type PO?
A limit PO is when there isn't a quantity just a $ amount. Typically no GRs are done just the IR.
Item category - B - Limit No Good receipt required only based Value . It is called frame work order. Invoice required.
Item Category -D - Services.
In addition to above points, Limit PO has a validity period and you can have multiple deliveries over a period till the validity period or the value gets expired.
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