Should your Purchasing Policy Enforce POs for All Transactions?

by Kurt Albertson and William A. Smith – The Hackett Group I. Executive Summary Many companies have spent considerable effort on automating and refining their purchase-to-pay (P2P) process. Two long-standing, well-documented best practices in this area are mandating consistent purchase order (PO) use and minimizing the number of non-PO transactions processed by accounts payable. This...