Process Mapping Series: Procure to Pay (PowerPoint PPT)

BENEFITS OF DOCUMENT

1. Gain an understanding of the hierarchy of process mapping.
2. Learn high-level steps of the Procure to Pay Process.
3. Learn the elements of a process flow diagram.

DESCRIPTION

This product (Process Mapping Series: Procure to Pay) is a 13-slide PPT PowerPoint presentation (PPT) with a supplemental Excel document, which you can download immediately upon purchase.

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
•  Procure to Pay
•  Hire to Retire
•  Planning and Management Accounting
•  Tax Management

Dive deeper into the intricacies of the Procure to Pay process with detailed Level 2, 3, and 4 process steps. Each phase, from procurement planning to payment to vendors, is meticulously broken down, offering actionable insights and clear directives. The PPT also includes a comprehensive Excel process grid, ensuring you have a practical tool to streamline your operations. This guide is an indispensable resource for executives aiming to optimize procurement efficiency and drive cost savings.

Source: Best Practices in Process Mapping PowerPoint Slides: Process Mapping Series: Procure to Pay PowerPoint (PPT) Presentation, BusinessRules