March is National Procurement Month

The month of March is known as National Procurement Month and is dedicated to honoring purchasing professionals in public and private sectors. Let’s take this opportunity to recognize and appreciate all the work that is accomplished by procurement. Card Integrity will contribute by sharing some of the most important P-Card best practices connected to card management and procurement. Spread your recognition of procurement by sharing this article with a colleague.

7 P-Card Best Practices connected to Purchasing / Procurement role

•  Assign Purchasing the responsibility of overseeing the P-Card program.

• Identify “preferred suppliers” and communicate who they are to cardholders and managers (in order to better utilize corporate partners).

• Review P-Card spend to ensure that preferred suppliers are being used.

• Allow purchasing to have consistent access to the P-Card program (to best leverage supplier negotiations).

• Set up and utilize ghost cards with key preferred suppliers.

• Track and manage cardholders that do not use the ghost cards.

• Use an eProcurement Portal tied to a ghost card or ePayables for key suppliers.

For a comprehensive list of P-Card best practices from Card Integrity, request your free copy today.

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Here are some ideas to help you celebrate National Procurement Month:

• Share newsletters and other procurement articles with your colleagues.
• Educate yourself and others about various procurement organizations like NASPO, NIGP, and NAPCP.
• Use social media to share your appreciation. Follow us on LinkedIn for articles to share.
• Treat procurement officials in your department to treats in the office to thank them for their hard work
• Learn the value of monitoring in “The Overlooked Value of Outside P-Card Monitoring Service”.