According to the Oxford Dictionary website the origin of a word “maverick” dates back from the 1860’s and stems from the name of a Texas lawyer and land baron, Samuel A. Maverick, who refused to brand his cattle. Today, a maverick is generally someone who does not go along with the group and is viewed…
Despite having formal procurement processes, many organizations have staff members who continue to engage in ‘maverick spend’ practices—circumventing standard procedures to procure material from Suppliers who have not been formally approved by their Purchasing department resulting in higher material and purchasing process costs as well as inefficiencies in order processing and material delivery. According to…
Project Snapshot Detroit Chassis: Streamlining Procurement and Invoicing Processes Who is Detroit Chassis? Detroit Chassis is a manufacturer of OEM-compliant modules, sub-assemblies and complete vehicles. We’re lean, flexible, fast and efficient, giving us the competitive edge in our market… Our manufacturing system and tooling strategies allow us to quickly and efficiently adjust production volumes to…
Are you a procurement leader? Struggling to mitigate the high costs and complexity of processes caused by supply chain disruptions? If the answer is YES, please read on…! Such risks as extreme weather, economic uncertainties, global pandemic, etc., have proven to be absolute threats to procurement and your supply chain. But the good news is,…
Time-Consuming — When a QAD purchase requisition is created, it most likely needs to go through a ‘manual’ approval process and chances are that it will be delayed as there is no proper ‘structure’ put in place for faster approvals. Lack Of Policy Compliance — Even though organizations do have a purchasing policy, it may not be…
How to Automate Approval Routing and Workflow technology for QAD Business Process Requests Web Presentation: SIG and ISS Group, along with SI Bone will present a demonstration and Case Study on ISS Group’s ‘Data-Driven’ Approval Routing and Workflow Technology for QAD. Hear how Craig Jones, Director of Manufacturing and Supply Chain at SI-Bone, is using this…
Supplier relationships are highly dependent on the procure-to-pay (P2P) architecture that you have in place. Efficient P2P processes can build and improve your supplier relationships. The traditional architecture uses a combination of paper documents and ERP systems. The goal is to streamline a workflow by digitizing a portion of the procurement process. The problem is…
It’s no secret that manual Procure-to-Pay (P2P) costs sap efficiency and drain budgets. When supplier invoice approval and processing lags, it’s tough to get requisitions in on time, checked against contracts and paid. Automating your P2P processes and refining workflows are critical for efficiency, reducing waste, and for tracking your key performance indicators (KPIs). “More…
