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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.