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Managed Procurement Services: A Strategic Approach to Cost Reduction

Empowering CPO

This involves everything from identifying requirements and sourcing suppliers to negotiating contracts, placing orders, and managing supplier relationships. In essence, it’s a critical business function that ensures the right goods and services are available at the right time, in the right quantities, at the right price.

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Let’s Get Digital: Introducing your Source-to-Pay Guide

ivalua

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ Source-to-Pay is typically broken into two parts – upstream and downstream. Contract Management: The piece that connects the upstream and the downstream, where value starts being captured.

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