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What Is the Source-to-Pay (S2P) Process?

Pipefy

Typically, the source-to-pay process is used to fulfill needs like finding new suppliers that offer lower prices, better terms, or goods/services not offered by current suppliers. RFx and bids Once the list of potential suppliers for the project has been finalized, the bidding process will begin.

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15 Best Purchasing Software Solutions for SMEs

Procurement Software

Procoto offers features including: Strategic sourcing Smart databasing Workflow approvals RFP management Data transformation The platform’s tools and analytics aim to level the playing field between small and large companies – giving leverage to SMEs. It gives you full visibility of your spend data, all in one place.

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Procure-to-Pay (P2P) vs. Source-to-Pay (S2P)

Procurement Software

The key difference is that S2P includes the important stage of strategic sourcing, which is performed before you. Industry jargon refers to sourcing and the negotiation of terms and conditions as the “upstream” part of the process. Improvements to end-to-end supply chain efficiency.

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Procure-to-Pay (P2P) vs. Source-to-Pay (S2P)

Procurement Software

The key difference is that S2P includes the important stage of strategic sourcing, which is performed before you. Industry jargon refers to sourcing and the negotiation of terms and conditions as the “upstream” part of the process. Competitive bidding, which optimises cost. Value Drivers (H3).