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Author:Palmer, R. J.
Green, L. D.
Ventura, M. T.
Title:Are corporate procurement cards for you? (Management Accounting)
Journal:Management Accounting (US)
1996 : SEP, VOL. 78:3, p. 22-28,30
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Freeterms:EINKAUF, ZAHLUNGSVERKEHR,
AUTOMATISIERUNG
Language:eng
Abstract:In 1993, ITT Automotive launched a corporate procurement card (CPC) program so employees could use credit cards for small dollar maintenance, repairs, and operating (MRO) purchases. The company had found that its 'traditional' buying procedures were unduly labour intensive, slow, and cumbersome and did not appropriately match the costs of controlling low dollar non-inventory purchases with the dollars at risk in the transactions. By using corporate procurement cards for small dollar MRO items, the company would eliminate or reduce non-value adding activities and thus cutting costs.
SCIMA record nr: 157246
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