Remove Spend management Remove Strategic sourcing Remove Supply Chain Visibility
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Episode 137: Using Visibility to Combat Supply Chain Abstraction with Frank Kenney

Una

Frank is the Director of Market Strategy at Cleo, where he is focused on helping companies get ahead and stay ahead despite persistent supply chain complexity. Every business has the opportunity to implement a procurement solution that promotes better overall spend management while working cohesively with other procurement strategies.

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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. The key difference is that S2P includes the important stage of strategic sourcing, which is performed before you. Industry jargon refers to sourcing and the negotiation of terms and conditions as the “upstream” part of the process.

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The 25 Hottest US Procurement Startups

Procurement Software

Raindrop Raindrop is one of a number of US procurement startups offering enterprise-level spend management platforms. At its heart is a source-to-pay suite offering a range of functionality, with a complete suite of cloud-based modules. It is optimised for sourcing raw materials and purchased parts in manufacturing businesses.

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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. The key difference is that S2P includes the important stage of strategic sourcing, which is performed before you. Industry jargon refers to sourcing and the negotiation of terms and conditions as the “upstream” part of the process.