Supply chain management is the lifeblood of any business: without a proper, streamlined supply chain, your company risks being left without the proper tools it needs to get things done. If you already have a great supply chain, then you are ahead of the game. If your supply chain isn’t as efficient as you’d like it to be, it’s time to fix it quickly.
There are many points where problems can arise along the supply chain, but one of the most common areas that managers can look at to create more efficiency is the purchase to pay process (P2P). Streamlining your invoicing procedures will not only ensure that your company always has what it needs, but it will allow you to collect your money — or pay your bills — quickly.…Continue reading