What is PI (Pro forma invoice)
An invoice provided by a seller before the shipment of product, informing the buyer of the types and amounts of products to be shipped, their price, and essential specifications …
Category: Sourcing
What is (Quotation)
An offer to sell products with specified cost and under particular condition
What is MOQ (Minimum Order Quantity)
The least amount of order which the seller can accept as he/she states on the listing. this subject is mostly negotiable.
What is PO (Purchase Order)
The seller sends a document to the customer which contains the agreed terms like approving product order, quantity, shipping cost, etc.
What is (Unit Price)
The price of an item which the customer will pay and generally it is excluding the shipping cost.