Rubberstamp is a tool that streamlines your buying process. It allows you to enter your business purchases into the tool, to have staff enter purchase requests, and then have upper management decide if the requests are approved. It is a workflow tool that seems redundant, but it gives upper managers a degree of control that may help dramatically lower wastage.
A time-saving tool and money-saving tool
Rubberstamp is not the sort of tool that is going to appeal to many businesses. It has very limited appeal because all it does is add another level of control into a business’s day-to-day working, and many businesses are not going to need that extra level of control. Start by setting up budgets, and then have employees enter their purchase requests. If you have pre-approved vendors, then enter them onto the Rubberstamp system and only allow your staff to enter purchase requests from your approved vendors. The manager is informed when a purchase request is placed, and the manager may approve or dismiss the request with just the click of a button.
Good for companies that see a lot of wastage
If your business is experiencing a lot of wastage, you may like to monitor your stock levels more closely, and adding another level of security, such as having all purchases run past your managers for permission, will help identify where the leaks are in your company. If there is still wastage when the only purchases are the ones approved by you or your managers, then you know to start looking into depreciation and theft issues.