Category: Purchase order

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Digitization

The true cost of manual procurement: why it’s time to digitize your purchase orders

Why manual procurement is holding you back Manual procurement processes — such as emails, spreadsheets, and disconnected systems —...

June 18, 2025

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Purchase order

Purchase order vs purchase invoice

Purchase order vs purchase invoice: What’s the difference and why it matters Understanding the difference between a purchase order...

May 21, 2025

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Cost Control

8 great benefits of using a purchase order system

Many companies use Excel or Word to create purchase orders. We know that purchase orders are a great way...

January 28, 2025

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Purchase order

What are long lead items in construction

Long lead items (LLI) are items that have a delivery time of several months from order to delivery. For...

January 28, 2025

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Cost Control

8 ways to increase project profits by using purchase orders

Have you ever faced losses due to hidden costs or unforeseen delays? Cost overruns and budget breaches are, unfortunately,...

October 16, 2024

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Purchase order

Purchase Orders vs. Purchase Requisitions

Have you ever found yourself stuck because the purchasing process in your project becomes a bottleneck? Maybe you’ve faced...

September 10, 2024

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Purchase order

10 Reasons for Using a Purchase Order Approval Software

Using software for purchase order (PO) approval, does not only save you tons of time but comes with additional...

January 8, 2024

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Business

What is Committed Expenditure?

Every time you order something from a supplier, you make a commitment to pay something in the future, also...

September 10, 2023

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Purchase order

What is a Purchase Order (PO)

A purchase order (often referred to as PO) is a legally binding document that is issued by a buyer...

September 8, 2023

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Purchase order

5 Common Challenges of Not Using Purchase Orders in Projects

5 Ways Not Using Purchase Orders Can Hurt Your Projects Purchase orders (POs) are a common way for project-based...

September 5, 2023

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Cost Control

What are Liquidated Damages?

Definition of Liquidated Damages Liquidated damages are a pre-agreed amount of money that one party to a contract agrees...

September 4, 2023

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Purchase order

10 important values you get from using CostTracker

Searching for the best purchase order system is difficult. So, what separates CostTracker from other solutions in the market?...

October 21, 2022

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