Purchase Approvals: A Guide To Efficiency And Best Practices
Saying Yes Is Easy, Giving Approval Is Hard… …at least when it comes to your business that is, this is because approval makes the person giving it responsible for any consequences that come out of the decision. Medium to large businesses usually have comprehensive (and often complicated) approval processes for things such as purchase requisitions…
Calvin
Purchase Orders: Why Your Business Needs Them
Purchasing For Businesses What factors do you consider before you buy something for yourself?Things like “Do I really need it ?”, “Can I afford it ?”, “Are there other options?”, “Can I get it using a credit card?”. Purchasing for your business follows along these same lines of thought as well, however this time it’s…
Purchase Requisition: Understanding The Main Essentials
An Introduction to Purchase Requisition Ctrl-Z. That was all it took for a mistake while writing this article to disappear; if only your business purchasing decisions were as simple to fix. When it comes to procurement orders there is often no easy way to undo a bad purchase, even if an error were caught before…
Procure to Pay: The Essential Steps You Need to Include
Procure-to-Pay: What is it? Purchasing from a business perspective is not as simple as just buying something outright, the process often involves multiple steps and approvals before a procurement order can be completed. This process is often referred to as Procure-to-Pay. Procure-to-Pay (P2P) is a subdivision of the procurement process and involves the procurement department…
Marketing
Indirect Procurement: How It Keeps Your Business Running
Look at your office desk. The papers, pens, computers, and even the cleaner who dusted it this morning technically fall under indirect procurement. Indirect Procurement is essential for the daily functioning and maintenance of a business as well as ensuring employees are provided with adequate equipment and training. Speaking metaphorically, If your business was alive,…
Purchase Order System: Choosing What’s Right For You
Why Your Choice Matters Trust. Trust can mean different things to different people, but ultimately trust is something that’s always needed when control is given over to someone else. As a business, who you trust has ramifications on the livelihoods of your employees and the customers that you serve. With such high stakes, it’s important…
7 Things You Need To Know About Purchase Order
When you need a new set of labels for your product, what are the key documents needed? You will probably think of a ‘purchase order’. The term ‘purchase order’ is often heard when a transaction of good or service is being raised by the company. However, if you haven’t been involved in a business purchasing…
Purchase Order Software: Why Automation Is the Way Forward
The Age Of Automation The progress of technology has been truly astounding, it was only 70 years ago that Christopher Strachey wrote the first Successful AI program, today we have self-driving cars and AI that’s used in everything from our Phones to our vacuum cleaners. From a business perspective, AI and automation have arguably been…
A Complete Guide To Procurement Processes In A Business
This guide covers the important steps behind the procurement process and the differences between traditional & digital procurement processes.
Purchase Order Software: What’s Right For Your Business?
Purchase Order Software? There was once a time when paper was king, everything was written down and businesses lived and died based on their record keeping, one lost sheet and your whole process breaks down, one unnecessary duplication and your budget does not make sense anymore. But that was then, and this is now. What…