Would you guys give an example of standing order in the context of industrial context?

Sure! In an industrial context, a standing order could refer to a recurring order placed by a company with a supplier for a specific quantity of raw materials or components to be delivered on a regular basis. For example, a manufacturing company may have a standing order with a steel supplier to deliver a certain amount of steel every month to ensure they have a consistent supply for their production process. This helps streamline the procurement process and ensures that the company always has the materials they need on hand.