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

Procurement Software

MARCH 7, 2023

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.

Sourcing 64
Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 64
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Procure-to-Pay (P2P) vs. Source-to-Pay (S2P)

Procurement Software

DECEMBER 5, 2022

Competitive bidding, which optimises cost. Improvements to end-to-end supply chain efficiency. These must be taken into account in order to save time and reduce costs. Nonetheless, these are the main advantages of using P2P and S2P software: Hard Cost Savings (H3).

Sourcing 52
Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 52
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