Purchase Orders, Vendor Onboarding & Net Terms

Structured Procurement for Industrial Lifting Systems

This page defines how purchase orders are processed, how vendors are onboarded, and how payment terms are handled for qualified B2B buyers.

This is not a general ecommerce checkout process.

All transactions follow a quote-based procurement model aligned with industrial purchasing standards.

1. Purchase Order (PO) Process

How Orders Are Placed

All orders must be submitted through a formal Purchase Order after quote approval.

Required sequence:

1. Submit RFQ with complete system requirements
2. Receive validated quote
3. Review scope, specifications, and exclusions
4. Submit official Purchase Order referencing quote number
5. Order enters processing after confirmation

PO Requirements

Purchase Orders must include:

• Company legal name and billing address
• Shipping address and site contact
• Quote reference number
• System configuration and scope confirmation
• Authorized signature or procurement approval

Incomplete or mismatched POs will not be processed.

Important

Orders are accepted only for defined and validated configurations.

We do not process:

• Open-ended purchase requests
• Undefined system requirements
• Verbal or unverified approvals

2. Vendor Onboarding Process

For New Customers

To process purchase orders, new customers may be required to complete vendor onboarding.

This ensures:

• Accurate billing and documentation
• Compliance with procurement standards
• Alignment with supplier and fulfillment requirements

Required Information

Typical onboarding requirements include:

• Company registration details
• Billing and accounts payable contacts
• Tax information (if applicable)
• Procurement documentation (if required)

Additional documentation may be requested depending on order size and structure.

Approval Timeline

Vendor onboarding timelines vary depending on:

• Completeness of submitted information
• Internal procurement processes
• Order complexity

Orders will not proceed until onboarding is complete.

3. Net Payment Terms

Availability

Net terms may be available only to approved B2B customers.

Approval is not automatic.

Standard Terms (If Approved)

• Net 15 / Net 30 (case-dependent)
• Terms begin from invoice date
• Payment must comply with agreed conditions

Evaluation Criteria

Net terms approval may consider:

• Company profile and purchasing history
• Order size and frequency
• Creditworthiness and documentation
• Internal risk assessment

Important

We reserve the right to:

• Require prepayment for first-time orders
• Adjust terms based on risk or order scope
• Decline net terms at any time

4. Payment Methods

Accepted payment methods may include:

• Bank transfer (wire / ACH)
• Company check (where applicable)
• Approved credit arrangements

Payment instructions are provided upon order confirmation.

5. Order Acceptance & Processing

Orders are processed only after:

• Quote validation
• PO approval
• Vendor onboarding (if required)
• Payment terms confirmation

Lead times begin only after all conditions are satisfied.

6. Compliance & Scope Control

All orders are strictly tied to:

• Approved system specifications
• Defined load, span, and configuration
• Stated application conditions

We do not accept liability for:

• Incorrect specifications submitted by buyer
• Site incompatibility
• Misuse or non-compliant applications

7. RFQ Before Purchase

All purchases must begin with a validated RFQ.

👉 Request a Quote:

8. Who This Process Is For

This procurement model is designed for:

• Facilities engineering teams
• Procurement departments
• Industrial operations managers

This is not structured for:

• Individual consumer purchases
• Undefined or exploratory inquiries