An AP workflow is the heart and soul of a business. The people who manage it, AP clerks, have a hectic life. An AP workflow involves paying off debts taken from vendors by the business, paying off receipts on time, and deciding when the next batch of inventory should...
The pandemic changed a lot of things about the way the world operates. While day-to-day operations became difficult, industries around the world came up with new means and methods to keep on functioning. In a situation where people could not leave their houses,...
re are times when a vendor goes out of business, which means leaving procurement to get products from someone else. There can be various reasons why a vendor may go out of business, the vendor has cash flow issues. The vendor cannot meet supply demand, the vendor has been hit by a global pandemic.
Making preparations for all kinds of situations entails various procedures to take care of; you need to adjust for both online and offline meetings.
Managing vendors is as important as managing inventory in a business. As a matter of fact, both of these are closely interlinked, considering vendors are the people that help you fill out your inventory. That would be going off on a tangent, though, considering this article is going to talk about the top skills you require to be a cream-of-the-crop vendor manager.
While upgrading to the newest version comes with the obvious advantages of bringing all of your software to the current supported versions, there are a few features that are must-haves for any client.