You are Here: » Finance » The Benefits Of Merging Both Distributed And Centralized Procurement

The Benefits Of Merging Both Distributed And Centralized Procurement

Go to: Previous Article Next Article

Both large and small organizations will understand the benefit of having a centralized procurement model. Effectively a small bunch of managers are responsible for the purchases of a wider group. This allows both audit and control to be efficiently handled and allows compliance with issues like the Sarbanes-Oxley laws.

Of course, there are drawbacks as this model has the effect of placing a large number of transactions into a constricted data pipe effectively throttling the bandwidth of the purchasing department.

So how to fix that issue ? One wants the efficiency of a large group of people doing a large number of transactions but with the control/oversight of a smaller group monitoring them.

The answer is to employ a system of controls by way of a procurement software system. Recent deployment exercises have shown big paybacks in rolling out Enterprise wide procurement solutions like SAP or Oracle or even Great Plains where such a solution allows users, perhaps scattered globally around the world, to be able to enter their orders but have them approved by a smaller group of empowered line management.

Conceivably this allows the best of both worlds where the requesters are responsible for their own requests and the follow-up thereof but the approving VP's and managers can have oversight of their available budgets and either approve the requests or deny them back to the requestors for resubmit.

Such a closed loop approach has been proven to be of benefit to the business's P&L bottom line and allow for significant cost cuts in operational expenses.
Article Source: - Credit Cards A big selection of Cards in all flavors: Bad Credit Cards, Secured Cards, Prepaid Cards, Canada Cards, Low Interest Cards -

Word Count: 268

Reduce Your Debts Without Bankruptcy. See How Much You Can Save. Free Debt Analysis

Read Previous Article ~ Read Next Article

Selected Articles

1: Way to Find the Best Car Insurance
2: Monthly Car Insurance
3: Why Compare Vehicle Insurance Quotes
4: Where NOT to buy Phentermine and get FIT instead.
5: Why Do I Need to Attend a Fitness Resort?
6: Contact Lenses Online: Convenient, Less Time Absorbing, Order On The Spot
7: Want Assist With Internet Marketing? Try These Suggestions
8: The Foam Filled Chairs Are Perfect Items of Furnishings
9: People clinging to their content sending dcma requests
10: The Enormous Bean Bag is low priced along with a top quality item of furniture
11: Tips on how to Handle Cholesterol Levels to be Healthful
12: A good solid Global One Ultimate Power Profits Paradigm Shift Platinum Superbly Inspection
13: Car Maintenance: Much better Than Auto Repair St. Louis Case
14: Choosing B&b Hartbeespoort Dam
15: Melaleuca- An Impartial Review- So is this a Melaleuca Scam or can you honestly generate income with this business?
16: Los Ciclos Grado Medio en Catalunya interesan a los estudiantes
17: Tips To Start Successfully Marketing On the web Today
18: Stuck? Take a Career Aptitude Test.
19: Way to Find an Efficient SEO Service Provider
20: Joomla Development for your Website
21: Website Design Graphics for Niche Businesses
22: Recycling Help in Keeping our Environment Thoroughly clean
23: Nashville Recycling Info for the Folks of Nashville
24: Personal computer Restoration - Suggestions for Locating a Dependable provider at Waukesha
25: Would like To order Tunes On-line?
26: Viviane Skincare- A Completely Independent Assessment By an Expert
27: Dallas Texas HCG Diet plan Protocol
28: HCG Diet Protocol, it genuinely Succeeds
29: The Functions for Charter Jets
30: Try Out the Well known Athlete's Alfredo with Homemade Alfredo Sauce recipe
31: The Broccoli Cheddar Spinach Soup Recipe Is easy To Actualize
32: Technology Consulting Overview
33: Join the opportunity Get Pre-launch Immediately And Tie down Your Place
34: Beneficial Suggestions For Achieving Article Marketing Results
35: Why should you opt for promotional pens?
36: Types of stress relievers to keep you hale and healthy
37: Mistakes to avoid while choosing novelty pens

Read Previous Article ~ Read Next Article

You are Here: » Finance » The Benefits Of Merging Both Distributed And Centralized Procurement