Budget Archives - Procurementexpress.com blog

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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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How Your Charity Can Spend Within Budget

How your charity can spend within budgetMost times, charity funds get wasted in the purchase process. The most common examples of waste, in this case, are two people in the organization buying the same thing, or when an invoice comes in and an item costs more than was initially quoted so your organization ends up paying more than budgeted. The worst scenario is when suppliers collaborate with your employees to submit a fraudulent invoice.   Continue Reading