If you still use paper purchase requisition requests, or rely on spreadsheets to control the purchase function, then you automatically, but not intentionally, introduce potential time delays and mistakes to the process, and generally lack an auditable trail. Physical documents can get lost or mislaid, contain errors and spreadsheets are only as good as the last update, that again can be missed.
Bearing in mind that manufacturing companies spend up to 70% of their turnover on purchasing, then getting better control of the purchasing function and achieving just a 1% improvement in accuracy, can improve profit margins by up to 3%; so look to work smarter!

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