Remove e2e Remove Procurement team Remove Strategic sourcing Remove Supply Chain Visibility
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The Dirty Little Secrets in Procurement!

Supply Chain Game Changer

Lack of Visibility Beyond Tier 1. According to the 2021 Deloitte Chief Procurement Officer Survey, “Around 70% of CPOs felt that they had good visibility on the risks that existed in their direct (tier 1) suppliers. Yet only 26% were able to confidently predict risk within their supply bases. Dirty Little Secret #1.

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The 25 Hottest US Procurement Startups

Procurement Software

Their platform also offers thorough spend intelligence, allowing for in-depth strategic sourcing. It is optimised for sourcing raw materials and purchased parts in manufacturing businesses. Additionally, analytics features grant you deeper visibility into your supply chain.

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

Procurement Software

However, procure-to-pay is definitely a subcomponent of the entire source-to-pay process. P2P forms the later (or “downstream”, to use consultant jargon) stages of the S2P procurement process. The key difference is that S2P includes the important stage of strategic sourcing, which is performed before you.

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

Procurement Software

However, procure-to-pay is definitely a subcomponent of the entire source-to-pay process. P2P forms the later (or “downstream”, to use consultant jargon) stages of the S2P procurement process. The key difference is that S2P includes the important stage of strategic sourcing, which is performed before you.