The Purchase to Pay (P2P) process underpins many sub-processes from sourcing and negotiating terms, ordering, receipting and payment, through to contract and relationship management (Lysons and Farrington)
The Purchase to Pay (P2P) process underpins many sub-processes from sourcing and negotiating terms, ordering, receipting and payment, through to contract and relationship management (Lysons and Farrington, 2006; Monczka et al., 2009; Pandit and Marmanis, 2008). A well-executed P2P process can increase control and visibility, save costs and generate automation efficiency (Monczka et al., 2009; Pandit and Marmanis, 2008).
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Effective and strategic catalogue management helps to ensure the quality of product data and that the data are configurable to the buyer's required format (CIPS:...
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Reverse auctions create an environment where suppliers bid against each other for a contract. This environment encourages competition with the result that goods and services are offered...
ECommerce offers a wide range of benefits to customers and to businesses, including cost and time savings (Laudon and Laudon, 2007).