Remove Competitive bidding Remove e2e Remove Purchasing
article thumbnail

Expanding the influence and impact of Procurement

Spend Matters

This meant that implementing one of the full end-to-end spend management suites was not feasible from a cost and change management perspective. The most significant impact of implementing a spend analytics solution was providing the visibility and details behind the dollars spent on various Indirect spend categories.

article thumbnail

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

Procurement Software

Then, with the growing popularity of Enterprise Resource Planning (ERP) systems such as SAP and Oracle during the late 1990s and early 2000s, converting requisitions into purchase orders (POs) was done electronically. Improvements to end-to-end supply chain efficiency. What is the difference P2P and S2P?

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 steps for Procurement to impact on financial results

Claritum

The variables and complexities of purchasing products and services, from basic supplies through to strategic purchases, make Procurement a key resource within the business. The Procurement team need only to be able to monitor and report as needed on the flow of purchasing transactions. Introduction. Step 1 Remove the noise.

article thumbnail

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

Procurement Software

Then, with the growing popularity of Enterprise Resource Planning (ERP) systems such as SAP and Oracle during the late 1990s and early 2000s, converting requisitions into purchase orders (POs) was done electronically. Competitive bidding, which optimises cost. Improvements to end-to-end supply chain efficiency.

article thumbnail

Procurement as a strategic advisory resource

Claritum

Are you a 2-dimensional or a 3-dimensional purchasing organisation? Automation for the 3-dimensional purchasing organisation. However, when you look at automation tools it seems there is no way to manage a purchase process without these tools involving you directly in the process. Defining the Perfect Procurement World.

article thumbnail

5 steps for Procurement to impact on financial results

Claritum

The variables and complexities of purchasing products and services, from basic supplies through to strategic purchases, make Procurement a key. function.Focused purely on moving purchase transactions though the. purchase transactions made are repeated, either with exactly the same. Introduction Procurement is a complex.