You generally create a purchase order for a one-time purchase of various items. You create a purchase order when you know the details of the goods or services that you require, estimated costs, quantities, delivery schedules, and accounting distributions.If your order line is sourced to a blanket purchase agreement, the order line price is determined based on either a matching price break from the agreement line or in the absence of any matching price breaks, the price from the agreement line itself.Oracle Fusion Purchasing leverages the Oracle Approval Management Service (AMX) for purchasing document approvals. Approval Management Service is a robust engine that enables administrators to organize and author approval routing rules based on numerous seeded document attributes such as ordered amount, price, category, and contract terms exist. Based on your unique business requirements, administrators can choose to send the approval request to approvers in parallel or in a sequence. Approvals can be sought using supervisory chain, position or job level hierarchy, or using a list of approvers.
This video demonstrates What is Purchase Order & How to Manage it in Fusion Financials Cloud: