Logistics terms · Logistics terms
What does Work order mean in logistics?
Short answer
The document by which a buyer formally awards a service contract to a vendor, stating scope, rates, period and key terms.
Indian freight contracts are often executed through a work order or letter of award after an RFQ or e-auction, followed by a detailed agreement. Rate changes should be recorded as formal amendments. Ask our desk how this applies to your consignment.
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The numbers behind this answer
- Also called
- WO, purchase order, LOA
- Category
- Contracts & pricing
- Related terms
- RFQ (request for quotation), Performance bank guarantee (PBG), SLA (service level agreement), Credit period
Related questions
- What does Credit period mean in logistics?
- What does Performance bank guarantee (PBG) mean in logistics?
- What does RFQ (request for quotation) mean in logistics?
- What does SLA (service level agreement) mean in logistics?
- What does Central Public Procurement Portal (CPPP) mean in logistics?
- What does E-auction (reverse auction) mean in logistics?
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