In today's competitive business climate, companies with effective procurement strategies are beginning to separate themselves from the competition. Successful purchase order management (POM) is now a critical core competency and organizations in all industries have started investigating tools and techniques to help them succeed. Purchase Order Management Best Practices brings together the field's latest advances and gives business professionals a comprehensive framework for lowering costs, improving efficiency, eliminating non-value added activities, and optimizing the transformation program for the POM process. It offers practical, proven tactics and detailed guidance into every aspect of POM process redesign: mapping the existing process, intelligently leveraging new technologies, building a strategy for strengthening the relationship with suppliers, identifying comprehensive related metrics, and much more, including industry success stories and lessons learned. Although POM process transformation is a hot topic, there is not a single book that focuses on the recipe of success for a POM transformation program. This text fills the gap by providing a breakthrough start-to-finish roadmap for organizations to implement the POM transformation program successfully.
"This is the definitive reference book on purchase order management as well as a guide to new procurement management practices. It is a must read for everyone involved with the practice or study of purchasing management and for many in the field of supply chain management."
Michael E. McGrath, CEO and President, i2 Technologies, Inc.
"As a long time practitioner in the supply chain arena, I would like to commend the authors for producing a comprehensive study of the processes we have all struggled with in the management of the purchase order process. Their thorough examination of the 'how to' should be a great guide for today's supply chain executives."
