Topic: Strategic Cost Management
Lessons: 0 video lesson
Total length: 04:40 min
This webinar is fully available here: https://www.youtube.com/watch?v=riP-HANhw9g
Most organizations don’t recognize purchasing as a strategic business function that warrants its own carefully structured process and procedures. Many times, purchasing takes place outside the realm of accounting, and as the transaction is processed, payables staff are often left chasing down paper or email evidence that the purchase was ever authorized in the first place.
This webinar is designed to shed light on the approval process itself, and how it can be leveraged to tame out of policy spend and inefficient, expensive manual detective work.
In this webinar you will learn:
- How to integrate more formal procurement policies into your organization’s current purchasing practice.
- How to develop a simple procurement approval system based on your business structure.
- How to reduce or eliminate the downstream paper chase and create new time to examine spend patterns.