Does it ever feel like AP and Procurement don’t speak the same language? You’re not imagining things.Often, issues as basic as “unit of measure” and “unit of price” can differ between the two functions, grinding the payables process to a halt and preventing the supplier from being paid. Here are examples: Unit of Measure… Read More — To manufacture bottles of pills, procurement orders 100,000 foil tops. But they don’t come as individual t
In part 3 of this series, we discussed three-way matching and whether it’s consistently necessary. There are alternatives to streamline that process by eliminating one or more steps, depending on type of spend.In this installment, we’ll take a more in-depth look at risk factors by spend category.