14 Sep Procurement Has a Big Problem – It’s Boring
It’s true, it sits close to the very end of the lack-of-glamour spectrum within the dusty and poorly lit back office of most organisations. The business end of the organisation...
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03 Sep Implementing a Purchasing Process – Seven Steps to Success
A solid purchasing process saves money, reduces risk and creates control. What is there to not like about it? But implementing a purchasing process successfully is no walk in the...
20 Aug Purchase to Pay Charter for Strategic Suppliers
A one size fits all approach just won’t work with purchase to pay. And that’s not just intuition or experience informing that view.
The Hackett Group reported this in their May Procurement Metric of the Month : “Many organizations define sourcing and supplier management processes by spend category as the basis for understanding how to best source and manage their suppliers. However, they often do not specify how to buy from and pay those suppliers based on the nature of the spend category and the needs of stakeholders (spend owners, requisitioners, suppliers, etc.). While companies usually have some type of “n-step” sourcing methodology, they may have tens if not hundreds of different ways to buy and pay for goods and services. This can reduce efficiency and customer satisfaction and lead to higher noncompliance rates and greater risk”
12 Aug Electronic Invoicing Upgrade Announced
Press Release from iPayables iPayables released InvoiceWorks version 8.441 August 10, 2010. The upgraded version includes new functionality and upgrades to the InvoiceWorks product. The three most notable ...
09 Aug Green Electronic Invoicing
At a time when wise use of resources, both from a commercial point of view and an environmental point of view, is seen as a priority, Purchase to Pay stands proud having had an environmentally friendly heart even before the green band wagon rolled into town. And that’s why I discard my cynicism when I see OB10 launching its Green program.
04 Aug Dynamic Discounting – Opportunity or Financial Fantasy?
Let’s indulge for a while in a purchasing and finance fantasy where a CFO and a CPO have a constructive conversation about how best to manage working capital. Suppose there’s...