Glossary

• Supplier — a company you buy stock from.
• Cost list — the products a supplier sells you and their prices.
• Purchase order (PO) — your written order to a supplier.
• Receiving — recording goods that arrived; this adds stock.
• Outstanding — ordered but not yet received.
• Lead time — usual days from order to delivery.
• Preferred source — the supplier you normally buy a product from.
• GSTIN — your supplier's GST registration number, kept in Tax ID.