{"id":3433,"date":"2018-02-16T00:12:15","date_gmt":"2018-02-16T00:12:15","guid":{"rendered":"https:\/\/www.peeriosity.com\/shared-services\/articles\/?p=3433"},"modified":"2022-09-06T18:02:41","modified_gmt":"2022-09-06T18:02:41","slug":"purchasing-card-programs-in-2018","status":"publish","type":"post","link":"https:\/\/www.peeriosity.com\/shared-services\/articles\/2018\/02\/purchasing-card-programs-in-2018\/","title":{"rendered":"Purchasing Card Programs in 2018"},"content":{"rendered":"

Introduction<\/strong><\/span><\/p>\n

The use of Purchasing Cards for the acquisition of low-cost non-inventory items has been a leading practice for decades, with median performance for indirect purchasing volume using Purchasing Cards at 10%, with the mid-point of Q1 performance approaching 40% of indirect purchasing volume.\u00a0<\/span><\/p>\n

While many companies have achieved significant penetration, others continue to work through acceptance issues and overcome the anxiety regarding the appearance of less control.\u00a0 In addition, completing the requisition steps using a card can be viewed as an inconvenient transfer of work from Purchasing and Accounting to non-purchasing process employees who are already challenged with more work than they have time to complete.\u00a0<\/span><\/p>\n

This report examines the current plans for member companies’ Purchasing Card programs<\/a> and the criteria used to determine who is issued a Purchasing Card.<\/span><\/p>\n

iPollingTM<\/sup> Results Review<\/strong><\/span><\/p>\n

Peeriosity\u2019s iPollingTM<\/sup> was used recently to get \u201cinstant\u201d feedback from member companies, with online poll results and member comments available in real-time as members respond.\u00a0 With incentives to complete the polls, a significant number of companies usually respond within 24 to 48 hours.\u00a0 Members can then see who responded, with options to add to the discussion thread, and with the ability to follow up directly with peers using Peeriosity\u2019s integrated Peer Mail capability.\u00a0<\/span><\/p>\n

The first poll question looked at where companies are today with regard to their current Purchasing Card program.\u00a0 Interestingly, even though most have significant experience, 86% have plans to ramp up, or otherwise increase the usage of their Purchasing Card Program.\u00a0 An additional 9% are making plans to modify their program to transition to a One Card design that can be used both for miscellaneous purchases and for Travel expenses<\/a>.\u00a0 Only 5% indicated plans to decrease the volume of transactions using a Purchasing Card.\u00a0<\/span><\/p>\n

\"iPolling:<\/p>\n

The next question in the poll looked at various approaches to issuing Purchasing Cards.\u00a0 For 87% of member companies, Purchasing Cards are issued on a case-by-case basis based on need.\u00a0 For 13%, Purchasing Cards are issued based on job title.\u00a0<\/span><\/p>\n

\"iPolling:<\/p>\n

Unlike traditional benchmarking, Peeriosity\u2019s iPollingTM<\/sup> capabilities allow members to very quickly examine this issue in detail, providing a range of experiences and viewpoints that can be reviewed to develop an appropriate and workable answer.\u00a0 Tapping into the experience of peers eliminates guesswork and allows members to quickly access the collective experiences of a large community of users who are facing the same challenges.<\/span><\/p>\n

Here are some poll comments from responding companies:<\/span><\/p>\n