An "Order" is a formal request to purchase goods or services from a supplier. It typically includes details such as the quantity, price, and delivery date. Orders can be placed by individuals or businesses and are essential for managing inventory and ensuring that products are available when needed.
In the context of business, orders can be categorized into different types, such as purchase orders and sales orders. A purchase order is issued by a buyer to a seller, while a sales order is created by the seller to confirm the sale. Both types help streamline the transaction process and maintain accurate records.