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Boston University’s Sourcing Transformation

Logistics Viewpoints

Once that requisition is approved, it becomes a purchase order. If the invoice matches the purchase order, it is posted in SAP, and the payment is made automatically without any paper or human touch. For certain purchases, representing 2% of their total spend, “it was the Wild Wild West.” It’s just brilliant.”

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How Smart Contracts Are Impacting Supply Chains

Logistics Viewpoints

Procurement & Supplier Agreements Traditionally, businesses negotiate procurement contracts manually, issuing purchase orders, invoices, and letters of credit that require human validation. How Smart Contracts Improve Procurement Automated Payments: When a supplier meets predefined conditions (e.g.,