Whether you’re messing around with paper POs or inefficiencies are hiding out in the supply chain, we’re willing to bet that your purchase order procedure could move a bit faster.
Statistically, 90% of excel spreadsheets are sensitive to human errors. Is your company part of this statistic? Even though Excel can handle a lot of data, it is susceptible to human error. Working on an excel spreadsheet has a lot of shortcomings especially if a whole team of people try to work on it at the same time. Thirty years of scientific research on spreadsheets has shown that people make mistakes consistently, especially when pressed for time.
What does it mean to be ‘free’ in purchasing terms? The business directory says it is characterized by choice and not by constraint or external control. It could also be something that costs you nothing. What about ‘worth’? Is your time your worth? If so, there are a few things to consider before you make any decisions.
Purchase Orders are the sticky stuff that keeps your company together. They make sure you can track your orders and receive payments efficiently. When you use a purchase order you will find that each element included on it plays an important role and is geared toward a specific goal. It can be said that every single aspect of the purchase order makes your business flow together like a well-oiled machine or, better still, like a bride that fits into her wedding dress in time for the wedding.
What does the phrase “user-friendly electronic purchase order” mean to you? Generally, different people would have different definitions. However, a majority would define it as a purchase order software that is easy to use or understand. In other words, a software that allows you to process purchase orders without sweating your palms. Continue Reading
I’m sure you are one of those people who still trust the physical element of using paper-based purchase orders. Its tangibility dupes you into believing that you’ve got all your company’s purchases under control. But nothing could be further from the truth!