Purchase order financing, or factoring, is a funding method for companies that don’t have the cash flow needed to purchase inventory required to complete orders for their customers.Continue Reading
Procurement software tends to fall into one of three categories.
There are enterprise resource planning (ERP) systems, which are complex systems designed to help companies manage all ends of the supply chain. Then there is accounting software that people use to keep track of POs, sacrificing a comprehensive procurement suite for all-in-one convenience. And finally, there’s purchase order-specific software.
TBG Homes are currently creating a track map of 46 homes for which they have 6 different customisable designs. Doing the paper work for these 3 companies have involved creating a lot of spreadsheets, says Trish Napolitano, Secretary Treasurer for all 3 organizations.