Remove Bidding Remove Buyers Remove Spend management Remove Supply Chain Visibility
article thumbnail

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

Procurement Software

It enables: Building stronger relationships with your key suppliers Competitive bidding, which optimises cost Evaluating non-price factors important to your organisational objectives e.g. quality, lead time, sustainability Performing the appropriate pre-qualification of suppliers.

article thumbnail

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

Procurement Software

Competitive bidding, which optimises cost. Some of the more advanced procurement software offering source-to-pay functionality can also provide: Reverse auction capability, with complex functionality for bid and proposal evaluation criteria. End-to-end supply chain visibility ensures more synergy in cooperation.