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Topic: purchase order

4 Types of Purchase Orders Every Business Needs to Know

Managing procurement is crucial for any successful business. If your business does not have consistent processes for managing procurement, you risk failing to account for your purchases and risk making costly purchasing mistakes. Purchase orders are perhaps the most important part of an effective procurement management process. Let's take a look at ... Read More

  December 16, 2019     

Your Guide to Purchase Order Tracking

Purchase order tracking is an effective way to track and manage transactions across a company and ensure you have oversight of all expenditure. While businesses have tracked purchased orders manually for a long time, there are some key drawbacks to this method. Instead, we suggest automating the process with inventory management software. In this a ... Read More

  November 5, 2019     

Online Inventory Control and the Importance of Purchase Order Tracking

A purchase order (PO) represents a legal contract between a business and its suppliers for the purchase of goods and services. POs help to ensure that the right quantity of goods or services is delivered in a specified time frame and at the level of quality expected. They also provide a framework for accurate inventory […] ... Read More

  October 29, 2019     

Your First Step to Mastering Purchase Order Tracking

Purchase orders can be powerful if used correctly. With a single purchasing order (PO) number, you can link every stage of every single transaction across your business’s spend. However, in order to unlock POs potential by gaining total control and transparency, it’s best to have a reliable way to monitor and document them as they […] ... Read More

  October 24, 2019     

Have You Been Mixing Up Purchase Requisitions and Purchase Orders?

Procurement processes can seem complicated, but each stage of the process can be broken down into tangible, easy-to-understand steps. Understanding the difference between purchase requisitions and purchase orders will help businesses and their employees to have a greater understanding of the entire procurement process. Helping to ensure more simpli ... Read More

  October 23, 2019     

Best Practices Businesses Should Follow for Efficient Purchase Ordering

While every business has its own unique approach to common tasks and its own way of formalising and improving its processes, many businesses can benefit from implementing proven strategies and best practices. That’s why we’ve brought to you eight proven best practices when it comes to efficient purchase ordering to ensure the accuracy and contr ... Read More

  October 1, 2019     

Do You Know the Difference Between Purchase Orders and Purchase Requisitions?

For new business owners, getting your head around the array of business terms and jargon can be difficult. Two often confused terms you may have come across are purchase order and purchase requisition. While these terms are often used interchangeably, this is mistaken as there are distinct purposes for each. In this article, we outline […] ... Read More

  September 25, 2019     

An Overview of Best Practices for Efficient Purchase Ordering

A purchase order (PO) is a document issued from a buyer to a seller that communicates a request for procurement of goods or services. PO’s also form part of an organisations inventory control practices; they help to increase purchase efficiency and serve as a legally binding contract, enforcing the deal between purchaser and supplier. Getting [&h ... Read More

  September 18, 2019     

Streamline Procurement Activities By Reducing Your Purchase Order Cycle Time

Purchase orders are the documents sent from the buyer to the supplier requesting goods or services that when accepted by the vendor forms a legal contract between the two parties. It also serves as a form of security for the supplier. Typically, purchase orders will provide detail of the items the buyer agrees to purchase […] ... Read More

  September 17, 2019     

Purchase Requisitions vs. Purchase Orders

Purchase requisitions and purchase orders (often referred to as POs) are both part of a business’s overall procurement and purchasing processes, which establish buying policies and outline purchasing steps. Supply chain operations are dynamic and complex, so it’s important to have a good grip on every stage of the procurement process. While pro ... Read More

  September 16, 2019     

Purchase Orders and Purchase Requisitions: What’s the Difference?

Supply chains are a fundamental tool for any inventory business. However, supply chains are a very involved and sometimes complex process. It’s vital to understand how the procurement process works and making sure you understand what different parts of the process mean. Two key parts of the procurement process are the purchase order and purchase ... Read More

  September 10, 2019     

Should Your Business be Using Purchase Order Tracking?

When you’re managing a warehouse and trying to run a business, purchase orders can play a vital role in enhancing transparency throughout your entire organisation. They can help you track what’s going on through the simplicity of a single number. Whether you run a small business or you play a role in a large procurement […] ... Read More

  September 7, 2019     

How To Decrease Your Purchase Order Cycle Time

If you’re looking to make your business more efficient, you might need to revamp some processes. Of course, there are big processes in a business that take lots of time and effort to overhaul. Rather, how about spending some time focusing on some of the little processes such as reducing your purchase order cycle time. […] ... Read More

  September 6, 2019     

4 Best Practices to Keep You on Top of Your Purchase Orders

If you want to get ahead with your purchase orders, it’s time to look at the best practices to guide you. When you use best practices, you ensure that you have accuracy and control over your purchase orders and can operate at a more efficient rate. Basically, a purchase order is a document between the […] ... Read More

  August 28, 2019     

A Closer Look at Purchase Management

As an inventory manager or business owner, you’ll know that getting what you need to run your business is a fundamental process. When you make a purchasing decision, it has a direct influence on how you control and manage your inventory stock. Depending on what you order, it will impact your inventory levels and how […] ... Read More

  August 24, 2019     

No more roadblocks to sell your receipted goods!

No more waiting for that final transport invoice to come through before you receipt a purchase order and book in your goods with purchase order recosting. ... Read More

  May 2, 2017