This throws a wrench in the business’ budget and can negatively impact its cashflow. What happens next? Does the head of the IT department simply pick the laptops they prefer and make the large purchase on their own? Without protocols in place, they could purchase far more than the department budget can accommodate, or even misuse company funds and buy devices for personal use. Let’s say the IT department in your firm needs a number of new laptops to replace old ones and equip new employees. When firms enable line managers or departmental managers to place orders with suppliers directly, it can lead to increased expenses and increased cases of expense fraud. Purchasing is universal, but how it’s handled makes a difference. In any business, multiple departments need materials from time to time-from basic office supplies to raw materials, equipment, and services.
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