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– Nelson Mandela

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Exam (2)

Q 8. Discuss the benefits and potential challenges of using electronic procurement cards. - 15 points

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Procurement card is useful to organizations in a lot of way. The first advantage of the procurement card is that organization does not need to worry about the number of invoices of the products, which is absent in case of personal credit cards. In case of procurement card, an organization has the opportunity to take individual payments for each of the cards. In addition, another advantage of procurement card is that it allows the organization to keep a track and the pay the suppliers on time. Nevertheless, along with the potentials, procurement cards have certain pitfalls. These limitations includes the expansion of procurement cards is difficult because it has differences in currency.