oboloo Glossary

Purchase Flow

oboloo Glossary

Purchase Flow

Purchase Flow is the process of ordering and receiving goods from a supplier or manufacturer. This process involves a series of steps, including choosing and ordering products, arranging for payment, negotiating terms, invoicing, and finally, delivery. It’s important to have an efficient Purchase Flow system in place to ensure that your business runs smoothly and quickly. An effective purchase system increases customer satisfaction due to timely delivery of goods and improved product quality. Moreover, it provides better control over costs, leading to greater profitability. All businesses should strive to improve their Purchase Flow systems for optimal efficiency.