MHC
Purchasing Background
A few years ago the College participated
in a Buy/Pay analysis of our current Purchasing/Accounts Payable processes
and determined that 88% of what was purchased by the College cost
under $1,000.00 per transaction, representing only 17% of our purchasing
spending. Using national standards it has been documented that a company
can spend anywhere from $50 to $150 processing each of these individual
purchases. |
