Browse Category: Procurement

Podcast

Improve Your Purchase Order Processing Times By Up to 25 Percent

improve-your-purchase-processing-timesLet’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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