Authorizes the purchase of inventory from an approved vendor

A) Receiving report
B) Vendor's invoice
C) Purchase order

Inventory Control

The process of managing inventory to ensure an adequate supply without excessive oversupply.

Purchase Order

A document issued by a buyer to a seller indicating types, quantities, and agreed prices for products or services.

Approved Vendor

A supplier who meets a company's criteria for quality and service and is authorized to provide specific goods or services.