Paper Based Purchasing Program
Just How Much? Do You Spend And Have You Got Adequate Controls In Place? Possibly the purchasing system is still paper based, with appropriations sitting in people's out trays, waiting for them to 'arise' for authorisation - just to find that the Managing director needs to sign it off on account of its value and he or she is on leave! Some companies make use of spreadsheets to manage purchasing but who's responsible for keeping them current and reminding people to do it? Then, there is also the problem of assigning purchases to the right budgets, departments, expense centres, and nominal codes. Not so easy is it! Move To An Electronic PO System The enhancing significance of the logistics, with associated provider relations, has actually seen the use of systems such as ERP, SCM, E-Commerce increase but for many companies in the small to medium business classification, a straightforward to use electronic Purchase Order system will give the much better controls neede...