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Purchase Order Management Best Practices by Michael Beitler, Arun Gupta, Ehap Sabri

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POM: CHALLENGES AND SOLUTIONS

SCOPE AND VALUE

To survive competition in today’s business world, an organization must stay ahead of its competitors. Effective purchase order management (POM) is key to staying competitive and gaining critical core competency in today’s business world—something organizations have begun to realize. In all different types of businesses—from the relatively slow-moving ones such as businesses in the utilities and cement industries to rapidly changing ones such as businesses in the high-tech industry—the POM process has become a critical part of achieving a competitive advantage by enabling lean and agile supply chains. ...

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