Remove Bidding Remove Purchasing Remove supply chain budgeting Remove Supply Chain Visibility
article thumbnail

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

Procurement Software

Then, with the growing popularity of Enterprise Resource Planning (ERP) systems such as SAP and Oracle during the late 1990s and early 2000s, converting requisitions into purchase orders (POs) was done electronically. Improvements to end-to-end supply chain efficiency. What is the difference P2P and S2P?

article thumbnail

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

Procurement Software

Then, with the growing popularity of Enterprise Resource Planning (ERP) systems such as SAP and Oracle during the late 1990s and early 2000s, converting requisitions into purchase orders (POs) was done electronically. Competitive bidding, which optimises cost. Improvements to end-to-end supply chain efficiency.