Are you looking for a purchase order template that your company can use for all your purchases? Well, before you go ahead and download it, let me ask you this: Does your company really need a purchase order template?
“Spend control culture this! Spend control culture that! Do you think all these buzz words will help your business grow?” Asked Zeph. He is an experienced Financial Manager. His boss trusts him. He hired Zeph not only for his impeccable array of qualifications but for his brain too. Continue Reading
I’m sure you are one of those people who still trust the physical element of using paper-based purchase orders. Its tangibility dupes you into believing that you’ve got all your company’s purchases under control. But nothing could be further from the truth!
An upsurge in fraud has left company owners and social entrepreneurs feeling uneasy. This is not a new trend. Organizations have been plagued by fraud for years and it has threatened the existence of well-established charities like Oxfam and The Cancer Fund of America.
The Business Dictionary defines Procurement Management as the act of obtaining or buying goods and services. The process includes preparation and processing of a demand as well as the end receipt and approval of payment. A business will not be able to survive if it’s procurement price is more than the profit it makes on selling the actual product.