We have made the delivery status features simpler to our users by updating the “Fulfillment Status” and “Fulfillment Date“. These two updates would enable users to see if the PO has been delivered and what date.
Some people still confuse purchase orders with sales orders. I am not certain if what confuses them are the words “purchase and sales” or the “order” at the end. While there is an overlap between purchase and sales orders, they differ greatly.
Misunderstanding these financial terms is not an option. So, I think drawing some parallels between the two would help. Continue Reading
Why are there so many jokes about Purchase Order Managers? They even brought out a ‘best of’ book about it(The Best Ever Book of Purchasing Managers Jokes). Your purchasing is one of the fundamentals of a company. It’s a very important role, as it deals with the company’s capital.
There might be different reasons why people make these jokes. Purchasing Managers tend to keep to the budget and have strict rules that need to be adhered to. Maybe it has to do with the human factor, or maybe they are just underrated.
Purchase orders serve a valuable purpose in any company they have extensive company benefits and can be one of your biggest assets. They help you keep track of who is purchasing what from where. Keeping track or even completing just a 100 purchase orders a day can get very challenging even for a very organized purchase manager, let alone doing thousands. It’s a lot of info that has to be noted on one form.Continue Reading
Cashflow is one of the reasons four out of ten start-ups don’t make it past the first year. For instance, in one startup, it could be that the flow of cash in and out of business was intermittent. In another, it could be that there was insufficient capital.Continue Reading
Bottlenecks are a thorn in your side. Why do you think your purchasing processes aren’t effective? Making errors are part of the human learning process. It’s a natural process that makes a human being stronger over time. However, in business this is not such an effective quality to have. To bridge the gap between you, more efficient and effective processes, and natural human error, you need to create better working methods.
According to a study done in the 1980s and 1990s on human error in business, a lot more mistakes were made than the businesses that put working processes in place and enforced these working processes as a routine.