The purchase-to-pay process involves all the steps in the procurement process.
They are as follows:
- Purchase requisition
- Approval
- Purchase order
- Receipt & acknowledgement
- Inspection
- Invoice
- Payment
The purchase-to-pay process involves all the steps in the procurement process.
They are as follows:
The procurement function is often misunderstood as just buying things, but it’s so much more than that. Done right, procurement activities play a crucial role
Measure the performance of your procurement function by considering your average cost per order, cost avoidance, and spend management.
There are four main benefits of buying used rather than brand new products.