Eliminating Manual Procurement in Construction Purchasing
Procurement workflows don’t belong on paper anymore. Today, procurement is about strategic relationships and identifying opportunities to get more out of the supply chain. Continue Reading
Procure to Pay 101 — The P2P Process Explained
Companies that do a lot of purchasing need to have clear policies in place for every stage in the purchasing process.
11 Incoterms Your Buyers Need to Know
As a buyer, your job is to source materials that fit into your budget, arrive on time, and are in line with your quality standards.
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Improve Your Purchase Order Processing Times By Up to 25 Percent
Let’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.
[NEW] Save Time And Money With This Purchase Control Strategy
Does your company have a purchase control strategy? If not, don’t worry. I am about to help you create one.
Let’s kickstart this topic by defining purchase control strategy.
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What Does Your Company’s Budget Look Like?
As the reality of economic slowdown sets in different parts of the world, it’s essential that you tighten your budget. This may mean reassessing crucial areas such as your company’s purchasing habits, repaying your company’s debt and tracking expenses. Continue Reading
How to Build Successful Supplier Relationships
Are you tired of arguing with your supplier every time you’re about to receive your order?
Does your supplier repeatedly do the following:
- Deliver wrong products more often
- Overcharge you on the invoice
- Take time to send a quotation
- Send you incorrect delivery notes
- Deliver your products late
