purchase order

IRI: https://spec.industrialontologies.org/ontology/construct/PurchaseOrder

Defined In: https://spec.industrialontologies.org/ontology/supplychain/SupplyChain/

SubClass Of: agreement

Class Hierarchy

owl:Thingbfo:entitybfo:continuantbfo:generically dependent continuantinformation content entityagreementpurchase order

Definition

agreement between a buyer and a vendor (supplier) that that contains a set of commitments on the buyer and the vendeor

Explanatory Notes

A PO becomes a legally binding document (contract) between a buyer and a seller once it is approved by the seller.

Examples

  • A PO issued by Discount Tire (buyer) regarding purchasing 500 tires from Bridgestone company (supplier)

Primitive Class

This class is declared primitive and it does not have necessary and sufficient condiftions defined.

Primitive Rationale

See the general discussion and rationale provided for informational entities under ‘information content entity’.

Formal Axioms

First-Order Logic Axioms

Agreement (x) ∧ ∃p(BuyingBusinessProcess (p) ∧ isAbout(x,p)) ∧ ∃b∃s(BuyerRole(b) ∧ SupplierRole(s) ∧ prescribes(x,b) ∧ prescribes(x,s)) → PurchaseOrder(x)

Semi-Formal Natural Language Axioms

if x is an ‘agreement’ that ‘is about’ some ‘buying business process’ and ‘prescribes’ some ‘buyer role’ and some ‘supplier role’ then x is a ‘purchase order’

Description Logic