Does Purchasing Automation Benefit the Procure-to-Pay Process? Regardless of the size of a company or its specific industry, the activities of procurement and accounts payable impact each other. Because of this link, a company’s goal should be to maximize the efficiency of both departments. Doing so has very clear benefits, especially in regards to the procure-to-pay process.
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<p>EROI theory is rooted in the biological principle that in order to survive each species on earth must procure more energy from its food than it expends attaining that food. From this basic principle the importance of energy surplus became evident, as food sources needed to “pay” not only for metabolism but also for reproduction and storage for leaner times. Part 1 of this three part series presents a brief history of the concept of surplus energy and how it has influenced both biological…
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