Browse Category: Procurement

Improve Your Purchase Order Processing Times By Up to 25 Percent

purchase order processingLet’s say your boss is unhappy with the current purchase order processing times. And after doing his research he realizes that it takes:

  • About 4 to 8 hours to get a quotation from a supplier,
  • About 5 to 9 days to approve purchase requisitions,
  • An hour to fill purchase order forms,
  • 7 days to track the purchase order with a supplier,
  • Another two weeks for the supplier to deliver, and
  • 30 to 60 days to process payments.

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