Purchasing and
Inventory Management for Purchasing Professionals, Office Managers and Bookkeepers
21st Century Electronic Procurement
In his excellent book "The
Sourcing Solution: A Step-By-Step Guide to Creating a
Successful Purchasing Program ,"
author Larry Paquette, concerning purchase orders, writes:
"...The
systematic order shows the vendor, the dates placed and due,
the scheduled deliveries, the product and quantity ordered,
the price paid, the terms, and the means of delivery. All
orders are easily available for study and review by the
execution of a few simple keystrokes."
Larry sounds somewhat
exasperated when he references the substantial expense
organizations incur to maintain numerous file cabinets
containing paper copies of old purchase orders.
This view is consistent with the
focus of the Purchase Order Tools web site. Electronic
purchasing systems enable savings in storage units, office
space, and trees -- the efficiency of which improves the
bottom line of any organization.
Information is the Key
The purchasing function in
many companies is too complex to keep the focus on the
important issues: who is spending [how much] money, with whom
are they spending it, and, are they getting good value for it?
The tools listed and referenced
on the Purchase Order Tools web site help with the collection
and analysis of the basic information to make purchasing
activities easier and more profitable for the organization.
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