Procure-To-Pay (P2P)

10 Reasons to Use Purchase Orders

Posted: 07/11/2022 - 00:00
Learn 10 key reasons to use purchase orders, when other acquisition methods may also apply and get helpful tips for when the CFO asks "why."

The CPO for a financial services company recently asked me for reasons to use purchase orders. Their procurement group was receiving pushback from the firm's Finance division, which was happy to issue payments merely based on internal management just "approving" supplier invoices (grrr).

In my email to this executive, I put together a list of Top 10 Reasons to Use Purchase Orders which I’ll explain in this article.

Online Collaboration is Needed Now More Than Ever

Posted: 06/02/2020 - 00:54
technology, automation and data acheives business continuity

We know that procurement is often a juggling act! We use decent supplier relationships, purchasing power, and any other tools in our belt to secure best payment terms, highest quality purchases at the lowest price, or indeed best value, to ensure vital continuity of supply against a backdrop of supply chains becoming ever more complex and volatile!

Strategies to Drive Procurement Compliance and Manage Rogue Spend

Posted: 06/01/2020 - 21:54
Procurement Compliance and Spend Management

Compliance is a critical purchasing success factor. Aside from the tremendous amount of financial impact, compliance has other positive outcomes. When employees comply with purchasing through designated supplier programs, it significantly streamlines the supply chain, allowing your organization to be agile and flexible.

Rising Star Interview: Zachary Greenberger

Posted: 09/13/2019 - 23:10
Rising Star Interview: Zachary Greenberger

How did you get into this field – was it purposeful or by accident?

A bit of both – my career started with a heavy interest in supply chain, and the desire to dive deep into and resolve complex business issues. After my first experience in strategic sourcing, I very intently pivoted to pursue a career with that focus. I felt there was a really unique ability with this type of role to influence critical decisions, develop a wide range of relationships and continuously expand my business knowledge. 
 
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