Managing your procurement activities effectively can be challenging without the right tools. To help you stay on top of your purchases, we’ve designed a free Procurement Log Template that’s easy to use, customizable, and ideal for businesses of all sizes.
Fill out the form below to receive your free Procurement Log Template instantly. Start managing your procurement process with ease today!
Why Use a Procurement Log Template?
A procurement log is essential for tracking and documenting purchase orders, supplier details, and delivery timelines. By maintaining an organized log, you can:
- Boost Transparency: Keep all stakeholders informed about procurement status.
- Ensure Accuracy: Minimize errors with a centralized record of orders and invoices.
- Save Time: Quickly identify bottlenecks and resolve issues in the procurement cycle.
The template simplifies the process, so you can focus on strategic tasks rather than manual tracking.
What are the Features of the Template?
- Predefined Fields: Includes columns for purchase order numbers, item descriptions, suppliers, quantities, unit costs, delivery dates, and more.
- Customizable Sections: Modify fields to suit your business requirements.
- Automated Calculations: Built-in formulas to track approval status and forecast vs actual dates for each order.
- User-Friendly Design: Clean and intuitive layout for seamless use by finance and operations teams.
How to Use
- Download the Template: After clicking on download, you will be redirected to spreadsheets. Click the “Make a Copy” button to get the template.
- Customize It: Adjust columns and headings to align with your business needs.
- Input Data: Start logging your purchase orders and monitor progress effortlessly.
- Stay Updated: Regularly update the log to maintain an accurate record.
Skip the Hassle with Peakflo’s Procure-to-Pay Solution
While the Procurement Log Template is a great starting point, managing procurement manually on spreadsheets can become cumbersome as your business grows.
Peakflo’s Procure-to-Pay solution eliminates the hassle by automating the entire procurement process. From purchase requisitions and approvals to invoice matching and payments, Peakflo streamlines every step, reducing errors and saving valuable time. With real-time tracking, robust reporting, and seamless integrations with your accounting software, Peakflo empowers you to focus on strategic decisions rather than manual processes.
