article thumbnail

What is a Purchase Requisition? Definition and Process

ivalua

A critical but often overlooked step in managing spend, enforcing policy, and gaining visibility across the procurement process, creating a purchase requisition is the first step in the process. It’s an essential part of the procurement process, helping organizations manage demand before any external transaction occurs.

article thumbnail

How to Manage Inventory and Purchasing in QuickBooks 

Procurement Express

If you’re managing inventory for your own business or juggling multiple ecommerce accounts, keeping track of purchase orders and stock levels shouldnt feel like a full-time job. It helps you manage inventory, track POs, pay bills, invoice clients, and more, all in one place. Thats where QuickBooks Online comes in. Lets dive in.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

QuickBooks Barcode Scanner: Making Inventory Management Easy

Finale Inventory

Introduction A quickbooks barcode scanner transforms how small and medium-sized businesses handle their inventory management, bridging the gap between physical products and digital records. When a worker scans an item, the system immediately records the action, updates quantities, and adjusts financial records.

article thumbnail

What is Purchase Price Variance (PPV) and How to Calculate it?

SCMDOJO

By using PPV, managers can identify inefficiencies in cost-saving strategies by detecting cost overruns and underruns, allowing them to take corrective actions. During the planning phase, managers do not have an exact estimate of the costs they will incur for purchasing. It helps determine the accuracy of supplier pricing.

Price 69
article thumbnail

How to Incorporate Local SEO into Supply Chain Management

SCMDOJO

Thats why local SEO, or Search Engine Optimization, is critically important for any business operation, and Supply Chain Management is no exception. If you are looking for ways to improve your supply chain management performance, e.g., by cutting costs and saving time, you must consider leveraging local SEO.

article thumbnail

Zoom in on Reputational Risk

Spend Matters

Find our in-depth guide to third-party and supply chain risk management with accompanying free download here. There has also been a considerable increase in the quantity and range of legislation that relates to social responsibility issues in the supply chain , and this also feeds into the reputation issue in its widest sense.

Risk 113
article thumbnail

Agents or No, AI or No — Are you performing the full scope of the e-procurement function?

Spend Matters

Alerts for unacknowledged orders, missed timelines or quantity mismatches. It serves as the checkpoint to confirm that the correct items were received, in the expected condition and quantity To close the loop, your platform must: Support partial, full and mobile receipts. Does not manage catalog content or updates systematically.