What is the main advantage of using a procurement card?

The main advantage of using a procurement card is that it streamlines the purchasing process for small items. This tool simplifies and accelerates the acquisition of low-value purchases by eliminating the need for lengthy approval processes associated with traditional procurement methods. With a procurement card, authorized users can make immediate purchases, which provides greater efficiency and flexibility. It reduces paperwork and administrative time, allowing organizations to respond quickly to their needs, making it particularly useful for departments that require frequent small transactions.

Other potential benefits, such as rebates on purchases or bulk discounts, may exist, but these are not the primary advantage of procurement cards. The focus of procurement cards is primarily on enhancing the efficiency of buying, especially for regular low-cost items. As for approved budget increases, procurement cards typically do not directly affect budgetary allocations; they function within existing financial constraints.