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2-Way vs 3-Way Matching in Accounts Payable Explained

TYA Suite

The team checks whether: The quantity of items matches on both documents (100 chairs). Businesses use 3-way matching for high-value transactions and physical goods where quality and quantity need to be verified. Goods Receipt Note (GRN) from the warehouse team The quantity of items matches across all three documents (500 laptops).

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What is a Purchase Requisition? Definition and Process

ivalua

It typically includes important details like the item description, quantity, estimated cost, and justification for the request. An employee creates a purchase requisition in the system, detailing the item, quantity, purpose, and any supporting notes.

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

SCMDOJO

The formulae for the PPV is: PPV= (Standard Price – Actual Price) *actual quantity Lets understand this with some examples: Example # 1: A FMCG company plans to purchase 20,000 units of packaging material at an estimated cost of $6 per unit, setting a total budget of $120,000. per unit, reducing the actual cost to $90,000.

Price 69
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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. Structured messaging and collaboration with version control.

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Levi’s Says Any Tariff-Related Price Bumps Will Be ‘Surgical’

Let's Talk Supply Chain

One strategy Levis can employ to convey value to consumers amid potential price fluctuations is by emphasizing the following key points: Quality Over Quantity: Highlighting the superior quality of their products to justify price points. Social Duty: Showcasing Levis commitment to sustainable practices and ethical sourcing.

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Zoom in on Reputational Risk

Spend Matters

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 114
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Agents or No, AI or No — The AP function still has a job to do

Spend Matters

Match and approve with precision : Advanced AP includes two-way, three-way and even n-way matching with logic that considers quantity, price, tolerance, delivery status and exceptions. It’s about knowing the rules and applying them every time. Collaboration workflows must allow internal and external (supplier-side) communication on issues.