Taking inventory counts can be a tedious but absolutely necessary task for product-based businesses. Often a time-consuming chore, counting inventory can sometimes even require the business to suspend operations or close temporarily. Even if it is a job that employees are not particularly fond of, keeping accurate tabs on stock levels is crucial for reconciling…continue reading
Purchasing management challenges and solutions
From manufacturers needing raw materials, to distributors purchasing goods from a manufacturer and/or importer, to retailers stocking their physical or virtual shelves, purchasing management is critical to business success. Acctivate purchasing management tracks, manages and provides visibility across the procurement process enabling Purchasing Managers to… View all purchasing documents on one screen Set up widgets for critical alerts, like price changes Order products…continue reading
10 Steps to Better Purchasing Management
Determine how & where spending has occurred by vendor or vendor type to gain a better understanding where savings opportunities exist. Use the information to aggregate spend across the organization, leveraging volume for improved pricing & increased efficiencies. Know your vendors & optimize supplier relationships. Develop vendor expectations & selection criteria based on historical vendor performance…continue reading
