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Procurement Card


Source: Procurement Glossary
Author: Paul Rogers
Institute: CIPS - UK

Courtesy of


 

A procurement card [PCard] is a credit card used by some organisations as an alternative acquisition method to raising a requisition and/or purchase order.  PCards were initially used to acquire low-value and low-risk categories, such as travel and entertainment, though because of their low transaction costs, they are increasingly being used for a wide variety of acquisitions.

Most PCard systems incorporate a variety of controls to prevent abuse, and a key control is to limit the number of staff who have access to a PCard.  Other controls can include a single purchase dollar limit, a monthly expenditure limit and a control on which merchants can be used.  Once expenditure has been incurred, the card provider will issue a statement to the buying organisation, which will allow reconciliation of expenditure and attribution to the appropriate budget and expenditure accounts.

The use of PCards can reduce the transactional workload for purchasing teams and focus activity upon establishing agreements for the key category spends, rather than managing individual transactions.  See also Acquittal.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




Job Opportunities
 
Senior Procurement Category Manager
     
     Pennsylvania, Philadelphia County, Philadelphia  -  PERM  -  Bramwith Consulting

Senior Procurement Engineer
     
     Bothell, Washington  -  PERM  -  Philips

Inventory Control Mover
     
     New York - Oak Hill  -  PERM  -  GlaxoSmithKline

Global Lean (NLS) Manager
     
     Memphis, Tennessee  -  PERM  -  Nike Inc.

Director of Procurement
     
     Chicago  -  PERM  -  Michael Page

Head of Glass Procurement
     
     Illinois, Cook County, Chicago  -  PERM  -  Bramwith Consulting

Finished Goods Buyer / Planner
     
     Warwick RI  -  PERM  -  LifeWork Search

Mechanical Engineer- Procurement
     
     Monroeville, Pennsylvania  -  PERM  -  Philips

Procurement Manager-RTP
     
     North Carolina - Research Triangle Park  -  PERM  -  GlaxoSmithKline

Regional Category Manager, Procurement
     
     North Carolina - Research Triangle Park  -  PERM  -  GlaxoSmithKline

Sourcing Information Analyst
     
     Beaverton, Oregon  -  PERM  -  Nike Inc.

Senior Sourcing Analyst - Facilities
     
     Deerfield  -  PERM  -  Michael Page

VP of Procurement
     
     Chicago  -  PERM  -  Michael Page

Global Procurement, Innovation Manager
     
     New Jersey - Warren  -  PERM  -  GlaxoSmithKline

Senior Sourcing Analyst – Tee’s Center of Excellence
     
     Beaverton, Oregon  -  PERM  -  Nike Inc.



 
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