Unlike a non-binding purchase inquiry, an order confirmation is the supplier's written or electronic acceptance of the buyer's order, formally locking in the essential terms: items, quantities, prices, and delivery and payment conditions.
Source: https://wirtschaftslexikon.gabler.de/definition/bestellbestaetigung-104267
Matching tools and partners
You might also be interested in these terms
Analyze all 11 Incoterms 2020: cost matrix, risk timeline, insurance gap detector and customs responsibility – free, no login required.
Free · No password · Never a paywall. Weekly top news and facts from logistics.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.