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Why Use Purchase Orders (POs) in Your Bookkeeping?

SCMDOJO

Gather the accountants, leaders, department heads, store managers, and ask them which document plays the most significant role in the company. But most will agree that one document is crucial for nearly all business functions, and automating it can ultimately boost your profits. And that’s no other than a purchase order.

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Insights from Elemica reveal 2014 Frankfurt

Talking Logistics

What do the Germany World Cup Team and the Boston Red Sox have in common? Ralf Kahre and Patrick Gött began their presentation with an overview of BASF’s Business Process Management (BPM) Operating Model, and then discussed how they applied the model to improve the Purchase-to-Pay (P2P) process.

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50 expert tips on supply chain management

6 River Systems

“Additionally, a review of reporting procedures can act as a safeguard against corruption throughout operations. All stakeholders who interact with the supply chain should be aware of hotlines and other reporting mechanisms, which should establish a clear path and adequate protections for whistleblowers.”

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28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

For example, a certain product is ready to be shipped from the manufacturing facility. Additionally, the advancements and constant changes in technology and analytics play a huge role in supporting the success or failure of a modern day supply chain. You just make the decision instantly on the basis of the information available.