Percentage of invoice line items matched with a purchase order
This measure calculates the percentage of invoice line items matched with a purchase order. An invoice line item is a single entry on an invoice. For example, an invoice for 10 red books at $1.00 each, and 20 blue books at $3.00 each, would be considered to have two invoice line items. This measure is part of a set of Process Efficiency measures that help companies optimize their "process accounts payable (AP)" process by minimizing waste and refining resource consumption.
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Compute this Measure
Units for this measure are percent.
Percentage of invoice line items that is matched with a purchase order
Key Terms
Purchase Order (P.O.)
A purchase order (or supplier order) is a form used by the purchasing department to order goods or services. Typically, a purchase order contains information regarding the items to be purchased, the person or department placing the order, and any special delivery terms the circumstances may dictate. A purchase order may be in either hard copy or electronic form.
If capturing the purchase order count for survey purposes, please do not include any change orders.
Invoice Line Items
An invoice line item is a single entry on an invoice. For example an invoice for 10 red books at $1.00 each, and 20 blue books at $3.00 each, would be considered to have two line items.
Process efficiency
Process efficiency represents how well a process converts its inputs into outputs. A process that converts 100% of the inputs into outputs without waste is more efficient than one that converts a similar amount of inputs into fewer outputs.