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Tag: Purchase Order

Purchasing the Wrong Mix of Merchandise

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You lack inventory visibility—you are not aware of what is currently on the shelves, etc. Your current method of viewing inventory levels is inefficient, and it is difficult to determine what to order. You order often, but a high percentage of the time, your orders are inaccurate. This has a negative, costly impact. You have inaccurate sales history/data. Your current method of receiving sales history/data is inefficient. You use this data in various ways, but it is often inaccurate. However, it is also difficult to determine whether it is inaccurate, and if it is, there are negative consequences. It is…

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Time and Cost to Manage Vendors and Purchases

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You spend a lot of time managing low dollar purchases. A high percentage of your transactions are under $2,500, and a high percentage of those transactions are of your total dollar spent for those small purchases. Too much time is spent on purchase requisitions, purchase orders, and invoicing. It is a manual, paper-based process, and your cost/transaction is too high. You manually track merchant data. You do not have easy access to tax information. It is difficult to track purchases made with each merchant, and you are unable to negotiate special pricing based on volume purchases. You think you may…

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Not Understanding the Business

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You are unable to see purchase details or summaries for vendors. You need to manually add each transaction and purchase. This takes too long. It is difficult to check the status of a purchase order, and your current method of doing so is inefficient. You manually track orders using a program such as Excel. If items are not in stock, you have to wait until the stock is replenished and manually enter the order at that time. It is difficult to analyze sales data and your current approach to doing it today is inefficient. You need to manually create charts…

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