What Does POC Stand For?

POC stands for Purchase Order Closeout

POC, or Purchase Order Closeout, refers to the formal process of concluding a purchase order after all goods or services have been received and payment obligations have been fulfilled. This process involves verifying that all terms and conditions of the purchase order have been met, resolving any discrepancies, and documenting the completion for future reference. POC ensures financial accuracy, facilitates proper accounting, and promotes effective inventory management.

Other Meanings for POC