Standing Offer (SO)

A standing offer (abbreviated as “SO”) is an arrangement made between a buyer and a supplier in which prices are pre-determined, but the order itself is unconfirmed and does not have a set date for delivery. An acceptance of the SO is not confirmed until such time as the order is placed by the buyer using the agreed terms. On Tradogram, purchase orders can be saved as drafts, allowing an SO arrangement to be stored on the system to be placed with a supplier at a later date.