Corporate purchase cards - development past and future

It is almost ten years since the power of corporate purchasing cards was identified as a means of making low cost purchases. In 1993 there was just one organisation using the cards – now there are around 2,600. And yet, despite the enormous potential to add value in procurement, many organisations are still unaware of the benefits that purchasing cards can bring.

While there are many purchasing card programmes that have been highly successful, there is also a surprisingly high proportion of organisations which have not achieved anything like the benefits that they could.

In a Supply Management supplement Peter Parry of Sterling describes the development of the card over the past decade, and explores some of the reasons why the full potential of purchasing cards has not yet been realised. In the same supplement Peter also offers some guidelines on how to choose from the twenty or so issuers of purchasing cards operating in the UK.

To find out more contact Peter Parry on 0121 457 6664 or Supply Management via their website.