Reengineering Your Purchasing Card Program

Kopp, Stephen
January 2001
Financial Executive;Jan/Feb2001, Vol. 17 Issue 1, p50
Academic Journal
This article examines how companies use purchasing cards. The author contends that most companies are not capturing the potential savings from their purchase cards because too few employees have them and are purchases are too restricted. He also explains that stringent fraud abuse costs more than possible abuses of the card and allowing their use in more circumstances increases their efficiency. He cites several large companies that have disregarded conventional wisdom and reaped much greater savings from using the cards.


Related Articles

  • Collaborative benchmarking project.  // Materials Management in Health Care;Jul2007, Vol. 16 Issue 7, p64 

    The article reports that the Association for Healthcare Resource and Materials Management and the W.P. Casey School of Business at Arizona State University's benchmarking initiative is in the development stage. According to the author, the Healthcare Supply Chain Benchmarking and Performance...

  • Logmark: measuring success with logistics.  // Logistics & Transport Focus;Apr2006, Vol. 8 Issue 3, p38 

    The article presents information on the history of Logmark, the principal benchmarking club of the logistics sector in Great Britain, and discusses its plans for the future. The National Health Service (NHS) Logistics, the founding member of Logmark and the club's facilitator, provides a...

  • Financial Benchmarking Research and its Application to Healthcare Valuation. Cimasi, Robert James // Value Examiner;Mar/Apr2008, p8 

    The article focuses on the application of financial benchmarking to healthcare valuation. Common methods of applying the results of benchmarking analysis are discussed. Also included are the categories of the steps for undertaking a successful financial benchmarking analysis process. A list of...

  • Breaking free. Bonsignore, Tony // Fund Strategy;10/16/2006, p22 

    The article focuses on the impact of benchmarks on fund management by fund managers and investors. Benchmarking benefits capitalists by providing them knowledge on the appropriate funds to invest in. It also provides an alternative method in measuring market performances. Aversion to...

  • GIVE THEM WHAT THEY WANT. Shappell, Brian // Business Credit;Sep/Oct2015, Vol. 117 Issue 8, p40 

    The article cites the importance of metrics and benchmarking in credit management. Topics include the importance of bottom-line numbers provided by metrics to upper management and top finance officials at a company, why interest in credit-based metrics like Days Sales Outstanding (DSO) can be a...

  • ACHIEVING CORPORATE FITNESS LESSONS FROM THE OLYMPICS. McCormick, Tim // Accountancy Ireland;Aug2012, Vol. 44 Issue 4, p12 

    The author offers opinions on management, especially corporate financial management. Successful management is compared to the process of training by Olympic athletes in that both use benchmarking to establish performance targets, require much planning and often require the use of specialized...

  • The Pragmatist's Guide to Best Practices. Sanwal, Anand // Business Finance;Sep2008, Vol. 14 Issue 9, p30 

    The article offers information on the practical guidelines in industrial and financial management. Independent thought is believed to be potentially replaced by persistent pursuit of best practices, however, it may also provoke deleterious impacts in the organization. In conjunction to such,...

  • Benchmarking for small business. Amner, Bill // NZ Business;Oct2012, Vol. 26 Issue 9, p77 

    The article discusses the importance of benchmarking in improving business and financial operations. It informs that benchmarking is the process of comparing one's business against industry data and using the information to improve business performance. It also informs that benchmarking focuses...

  • Step forward in time.  // Money Marketing;10/14/2004, p57 

    Interviews a group panel on the use of time horizons in managed funds, averaging down strategies and the technical nature of investment trusts. Participation of Yvone Goodwin from Pearson Jones, Michael Both from Michael Philips and Ashley Clark of Need An Advisor.com; Effectiveness of averaging...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics