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Procedure to Purchase Wholesale Clothes at Reasonable Prices Buying wholesale clothes usually ensures great savings for the buyer as the prices are much lower than the standard retail prices. There are many individuals who frequently purchase clothes in huge quantities and subsequently resell them at retail prices to earn huge profits. While the common perception is you have to purchase in large quantities to avail low prices, this...more
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How to manage purchase order effectively? It is quite common in many companies that there is time lag between the date of making a request of purchase and the date of approval of purchase order. For instance it is getting delayed due to lot of factors. The product needed by the department should be within the price limits of sanctioning authority. The department should make reasonable request stating valid reasons for the purchase of particular product or equipment for the company. Everything goes well if the superior approves the order and sends it to purchase department. However, things will be delayed if the product or equipment is expensive. Usually the manager places the request form before next higher authority. And finally the process of approval is completed successfully; the department will show negative impact on productivity due to this delay. Meanwhile the employees will suffer due to non availability of products. Nowadays purchase order management software has reduced the task of managers. You need not spend hours together for filling up the form and raising invoices and routing them to the next supervisor once you start using software. The entire cycle...more
What does blanket purchase order mean? It is a document which authorizes the vendor to supply products or services to the purchaser on ongoing basis. The company makes use of blanket purchase order for making order requests for...more
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