Vaalburg_Brent_WK3HW.docx

Vaalburg_Brent_WK3HW.docx - CISP211 HW WEEK3 1 Week 3...

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CISP211 HW WEEK3 1 Week 3 Homework Brent Vaalburg 11/22/2016 CISP211 Prof. Scott Thompson Advantages of Using P-Cards for MRO Spending MRO purchases are often high in volume and small in value which makes it difficult for companies to manage spending (Schneider, 2015). P-cards are like credit cards that allow for efficiency in the procure-to-pay process, saving time, money, and resources.
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CISP211 HW WEEK3 2 P-cards funds are instantly available reducing transaction times compared to the traditional requisition, purchase order, invoice, and check payment process (Schneider, 2015). This allows the company to have lower overhead requirements for the purchasing department, accounts payable, and accounting departments. Supply Chains Using the manufacturing industry as an example. Suppliers who depend too much on one manufacturer can create uneven shares of supply chain cost savings. If a manufacturer changes from one supplier to the next without extra costs involved, this can causes uneven cost savings ("7 ways everyone can cut supply chain costs – Strategy – CSCMP's Supply Chain Quarterly", 2016).
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