The average purchase order processing cost is $429, or as high as $1778 for engineering / construction and below $200 for chemical, industrial manufacturing, metals & mining, and pharmaceuticals.
The average PO processing cost varies according to who you talk to however what research has shown is that significant savings have been derived out of implementing an automated procurement process such as the Online Procurement System. Indicators are that an average of 30% reduction in PO processing costs are able to be derived utilising OPS, through automation, three way matching and paperless process.
Further reductions in costs will be driven by the supplier registration process which negates the need to register suppliers manually. OPS are leaders in this space, and have refined the supplier registration and pre-qualification process to ensure that a level of ownership is passed on to the supplier, which would previously have been done manually.