P-Cards - give a little, get a lot

| 0 Comments

 

Sunet.jpgAre you snowed under with processing POs for pencils because you are wary of trusting your employees with a purchasing card? asks Sunet Trollip, Project Manager, Nedbank Corporate Card in this month’s SmartProcurement.

The benefits of using a purchasing card (P-Card), far outweigh the risk of your employees misusing it. Not only will you be able to track expenses easily and save time processing low-value, high-volume purchases, you can also put measures and policies in place to curb possible employee misuse. And employees won’t have to use their own money for frequent work-related purchases only to have to claim it back at a later stage.

If you are particularly concerned about employees cutting corners and not following policy, a P-Card is a great asset to fall back on. You can create limits in terms of valid suppliers and spend amount. You can retrieve and cancel cards quickly if you need to. You can also review expenditure easily, escalating and resolving any incidents quickly and effectively.

With a robust procurement card policy in place, the P-Card empowers your employees to take care of the smaller expenses and any last-minute purchases that need to be effected immediately. This will enable you to spend more of your time and resources on the strategic purchases that make a significant difference to the business.

Is that not worth putting a little more trust in your employees? With a P-Card you give a little trust and gain a whole lot more flexibility if you roll it out correctly.

Here are a few tips to rolling out your P-Card among employees:

  • - Set limits and ensure employees are aware of them.
  • - Create and communicate your P-Card policy clearly.
  • - Review your P-Card statements and hold employees as well as line management accountable.
  • - Analyse your data and use it to regularly review and update your P-Card policy.
  • - Ensure employees know that if they abuse the card, it will be taken away from them and they will possibly face disciplinary action. 

If you want to know if a P-Card programme would work for your business, simply email Pascalle Albrecht for more information about Nedbank’s P-Card.

Leave a comment


SmartProcurement Newsletter
X

Please enter your details below to receive the SmartProcurement Newsletter for FREE on a regular basis.

As part of the SmartProcurement Newsletter you will be receiving World Class Procurement News, Tools, Tips, Tactics, Procurement Training updates, Upcoming Events, and the latest Procurement Career Openings.

* Email Address:
* Title:
* First Name:
* Surname:
* Company:
  Position:
* Country:
* Public / Private:

 

 

Career opportunites

Commodity Manager

  • <500 000 Commodities Permanent Procurement Management Western Cape
R700 000 - R850 000 per annum,Location: Western ...More

National Supply Chain Manager

  • <500 000 Across borders Permanent Procurement Management Supply Chain
R750 000 - R1 000 000 per annum,Location: ...More

Industrial Engineer

  • <500 000 >500 000 Industrial Engineer Operations, Planning & Inventory Permanent Western Cape
R450 000- R500 000 CTC per annum,Location: Western ...More

Commodity Manager

  • <500 000 Commodities Gauteng Permanent Procurement Management
Category: Procurement,Salary: R700 000 - R800 000 per ...More

Supply Chain Manager

  • <500 000 Gauteng Permanent Procurement Management Supply Chain
Category: Consulting,Salary: R750 000 - R800 000 CTC ...More

Logistics Manager

  • <500 000 Across borders Logistics & Warehousing Permanent Procurement Management
Category: Logistics,Salary: R900 000 - R1 000 000 ...More

Demand Planner

  • <500 000 Gauteng Operations, Planning & Inventory Permanent Projects / Category Management
Area of Specialisation: Planning,Salary: R500 000 - R650 ...More

Industrial Engineer

  • <500 000 Analyst Gauteng Industrial Engineer Permanent
R800 000 - R850 000 CTC per annum.Location: ...More

Security Manager

  • <500 000 Analyst Gauteng Permanent Procurement Officer / Specialist
(Total Cost to Company R350K - R550K).This is ...More

Operations Manager

  • <500 000 Gauteng Operations, Planning & Inventory Permanent Projects / Category Management
(Total Cost to Company R650k - R750k) excluding

Commodity Manager Raw Materials

  • <500 000 Commodities Gauteng Permanent Strategic Sourcing
(Total Cost to Company R980k - R800k) excluding ...More

Commodity Manager Logistics

  • <500 000 Commodities Gauteng Logistics & Warehousing Permanent
(Total Cost to Company R1mil - R900k).Industry: Engineering

Procurement Consultant

  • <500 000 Gauteng Permanent Procurement Consultant Procurement Management
(Total Cost To Company 550K - 450K) includes ...More

Commodity Manager MRO &CAPEX

  • <500 000 Commodities Gauteng Permanent Projects / Category Management
(Total Cost To Company 900k - 750k) includes ...More

Commodity Specialist - IT Hardware and Software

  • <500 000 Commodities Gauteng Logistics & Warehousing Permanent
(Total Cost to Company R550k - R650k) including

Sourcing Specialist

  • <500 000 Gauteng Permanent Procurement Officer / Specialist Strategic Sourcing
(Total Cost to Company 500k - 650k)Experience and ...More

Supply Chain Manager

  • <500 000 Gauteng Permanent Procurement Management Supply Chain
(Total Cost to Company R850k - R1mil) includes

Senior Consultant

  • <500 000 Gauteng Permanent Procurement Consultant Strategic Sourcing
(Total Cost To Company 500k - R750k) includes ...More

I.T Procurement Specialist

  • <500 000 Gauteng Permanent Procurement Management Procurement Officer / Specialist
(Total Cost to Company R350k - R450k) includes

Logistics Manager

  • <500 000 Gauteng Logistics & Warehousing Permanent Procurement Management
(Total Cost to Company R700k - R550k) Including ...More