An inventory order template is an important document for business as well as in the professional field, which describes all essential details related to the transaction. Usually, it is sent to provide details about order and also for defining segments of consignment including way of payment. An inventory order is prepared for the settlement of a deal with another company for a consignment. Moreover, it ensures all the terms and conditions of purchasing, including all information about the payment order. A seller can get a loan through different banks by providing a purchase order having brief details about the transaction. It is the first official offer issued by a buyer to the seller and used to control the purchasing of products and services from an external supplier. An inventory order sheet template is a legally binding document between suppliers as well as buyers, which ensures completion of different projects and tasks through a precise mode of transaction.