Purchasing & Accounts Payable Glossary
There are currently 5 Glossaries in this directory beginning with the letter I.
Indirect Procurement
Companies that manage Indirect procurement well save anywhere between 5-8% of their manual Spend.
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Indirect Purchasing
Indirect purchasing is a term used in the field of procurement and accounts payable process. It refers to the acquisition of goods and services that are not directly incorporated into a product being manufactured.
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Indirect Spend
Indirect Spend refers to the purchasing of goods and services that are not directly incorporated into a product being manufactured.
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Inventory Management
Inventory management is the process of ordering, tracking, and managing disbursements of the items for which a company manages stock.
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Invoice Processing
While managing invoices can quickly become overwhelming for your business due to numerous daily transactions, using the right tools and strategies can help your business streamline its invoice processing operation. Thus, helping you reduce the risk of errors and delays.
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