Supply chain efficiency is critical for a company’s success, determining the ability to fill customer orders and ultimately generate revenue. Supply chain teams rely on timely and accurate purchase order updates to ensure they are meeting demand targets and keeping shelves stocked — but getting those updates is not always easy. Teams spend hours manually following up on POs and waiting for updates, which is both inefficient and oftentimes ineffective. Let’s take a closer look at why manual PO and shipment tracking isn’t working and how PO automation is modernizing workflows for PO status collection.
Why Tracking POs & Shipment Updates in Real-Time is Important
Supply chain teams are constantly asked the question, “Where’s my stuff?” They may be answering to customer service, the leadership team, production managers, or customers — there are plenty of stakeholders that want to know where purchase orders are and when they will be delivered. Having access to real-time PO status updates is the only way to achieve true visibility and proactively identify risk.
Delayed purchase orders create substantial risk and impact a company’s ability to meet demand. A single out-of-stock SKU can result in production halt or failure to fulfill customer orders and severely impact revenue. Real-time PO and shipment updates minimize the likelihood of stockouts by alerting teams of inventory risks in advance, providing an opportunity to proactively address issues and find solutions.
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Why Old Workflows Don’t Work
Old workflows for manually tracking purchase orders require significant time and human capital, are prone to error and provide little high-level insight into supply chain inefficiencies. Consider the standard manual workflow:
Accurate and reliable PO status updates are the backbone of a successful chain — ensuring that every item is replenished in time and alerting teams to disruptions that put inventory at risk. Unfortunately, manual workflows for PO status collection are inefficient, ineffective, and put undue stress on supply chain teams. The good news? There is a better way.
New Workflows to Get Real-Time Automated Status Updates
The answer to antiquated, manual workflows lies in automating tedious, time-consuming tasks. Automated PO status collection provides the real-time updates supply chain teams need to mitigate risks and consistently meet demand targets. It frees up time previously dedicated to monotonous tracking and allows teams to focus on high-level strategic projects and provide outstanding customer service. It’s time to embrace automated solutions for PO status collection.
Leverage delivers the new workflow that supply chain and procurement teams need to answer the question, “Where’s my stuff?” — every time, and in real-time. The platform provides end-to-end PO status visibility, from the moment a PO is planned to the moment it is delivered, with customized AI-powered insights to drive efficiency. Leverage gives teams the ability to:
When you partner with Leverage, you can count on having the information you need, when you need it. You won’t struggle to answer, “Where’s my stuff?” because the answer is already there. Contact the experts at Leverage today to learn how their advanced supply chain technology collects purchase order updates to streamline operations.