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BENEFITS OF DOCUMENT
Engaging in the exercise of reviewing and documenting your company's business processes is the first step in learning exactly how work is being performed, where the opportunities for improvement lie and what bottlenecks and inefficiencies exist. Once identified, steps can be taken to develop solutions and introduce new processes.
Making business decisions without clearly understanding the details of how a process works, can lead to costly mistakes and create inefficient working situations.
This guide will provide you with high-level process steps for Procure to Pay.
Procure to Pay includes process steps for procurement planning, vendor selection, request for quotation, purchase order, goods receipt, invoice verification, payment to vendors
This guide will cover the following topics:
• An explanation of the hierarchy of process mapping
• Level 1, 2, 3 and 4 process steps in the Procure to Pay process
• Elements of a process flow diagram
Included with this PowerPoint document you will also receive an Excel process grid that outlines Level 1, 2 and 3 process steps in the Procure to Pay process.
This is one document, part of a Process Map Series. If you would like to understand what Process Mapping is, please purchase Introduction to Process Mapping.
Other documents in this series include:
Introduction to Process Mapping
Order to Cash
Hire to Retire
Planning and Management Accounting
Treasury Management (coming soon)
Fixed Assets (coming soon)
Internal Controls (coming soon)
Got a question about the product? Email us at [email protected] or ask the author directly by using the "Ask the Author a Question" form. If you cannot view the preview above this document description, go here to view the large preview instead.
Source: Best Practices in Process Mapping PowerPoint Slides: Process Mapping Series: Procure to Pay PowerPoint (PPT) Presentation, BusinessRules
ABOUT THE AUTHOR: BUSINESSRULES
Rekha Krishnamurthi, a business strategist, consultant and small business owner, has worked for various consulting firms including Ernst & Young helping Fortune 500 clients perform business process mapping, identify bottlenecks and implement improvements. As an experienced project manager, she has led small and large-scale projects from inception and planning to final delivery. [read more] Currently, she works at General Assemb.ly where she designs impactful learning experiences that re-skill and up-skill senior leadership and associates at in financial services, healthcare and consumer goods industries in the areas of digital marketing, data driven marketing, data analytics and product management.
BusinessRules has published 6 additional documents on Flevy.
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