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Original Date: 05/23/1994
Revision Date: 01/18/2007
Information : Bankcard Procurement Process
Naval Undersea Warfare Center (NUWC) Division Keyport was a pilot activity in implementing an automated bankcard tracking and reconciliation system that resulted in reduced procurement administrative lead time, faster payment of vendors, and increased customer satisfaction. An automated system was needed to address a time-consuming, ineffective manual data entry system and to provide on-line status of procurement actions and reduce administrative lead time. Improvements were needed to decrease the backlog of small and routine purchases, lessen payment time to vendors, and provide on- line monitoring for the Bankcard Administrator.
The new system, instituted in 1994, allows customers in the field to process their own bankcard purchases and has significantly reduced small purchase backlogs. Benefits include reduced paperwork and administrative lead time. The just-in-time procurement philosophy allows flexibility to meet critical deadlines. Small and routine requisitions can be turned around quickly and vendors are paid faster. The most important benefit is greatly improved customer satisfaction.
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