Procure to Pay 101 — The P2P Process Explained
Procure to pay or P2P is a step-by-step approach to managing purchasing activity from planning to PO to payment. Read on to learn more about the process.
Procure to pay or P2P is a step-by-step approach to managing purchasing activity from planning to PO to payment. Read on to learn more about the process.
Using some elements of the popular Kraljic Matrix, we’ll discuss leveraging your buyer power to get better rebates from your vendors and reduce spend.
This article looks at AT Kearney’s comprehensive Purchasing Chessboard and the strategies, levers, and methods procurement can use to reduce costs.
In order to build a business sure to last, you have to evaluate threats from all directions. Here, we’ll look at a few ways to future proof your business:
The cost iceberg represents the total cost of ownership, beyond the number listed on an invoice or estimate. Here are a few areas where hidden costs are common.
Incoterms are an international set of rules that lay out the risk and obligations for buyers and sellers. We’ll look at 5 key terms all buyers need to know
Supplier management is more important than you think. Construction teams who adopt SRM are better equipped to manage risk and save money. Here’s why: