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Typical Information on a Purchase Order

The risks to foregoing a formal PO process Material management is all about saving money and increasing profits. When you take short cuts to ordering and managing your material for a job, it has a direct impact on the bottom line and exposes your company to many risks.   FRAUD This can be hard to detect

What is a purchase order? A purchase order (PO) is a document generated by the buyer that clearly details the products or services your company plans to purchase from a vendor. By providing this document, buyers and sellers both understand what is expected in the transaction. What is a PO number? This is a new

Reducing costs verses increasing sales Every dollar you save through cost reduction is far more valuable than the dollars that come from sales.  Let’s take a simple financial statement with the following figures:Yearly Revenue = $5,000,000     Cost breakdown: (*) Material costs = $1,250,000  (25% of revenue) (*) Labour costs = $1,750,000  (35% of revenue)   (*)

Using a Labour Curve or S-Curve A labour curve or S-Curve is one of the major tools used in project management that tracks project progress over time. It is a graphical representation that gives the required information in a flash.  The curve represents the cumulative work done over time and hence the steepness or flatness gives us