Procure 2 Pay vs Source 2 Pay – A Procurement Journey скачать в хорошем качестве

Procure 2 Pay vs Source 2 Pay – A Procurement Journey

P2P vs S2P – A Procurement Journey In the world of procurement, organizations often walk two important paths — P2P and S2P. Let’s start with the first: P2P — Procure-to-Pay. This is a straightforward, well-defined journey. The company already knows what it needs and who it’s buying from. Say someone says, “We’re running low on printer cartridges.” A purchase requisition is created, approved, and converted into a purchase order. The supplier delivers the items, the receiving team confirms them, the invoice is matched, and Accounts Payable processes the payment. Smooth, right? That’s P2P — the operational backbone of procurement. Fast, consistent, and focused on transactions, compliance, and efficiency. It’s tactical. It keeps the business running. But now, let’s take a step back and look at the bigger picture — the strategic journey called S2P — Source-to-Pay. Imagine the company notices it’s overspending on marketing materials across multiple vendors, all with different prices. Instead of just placing another order, the team digs deeper. They analyze spend data, uncover inefficiencies, explore new suppliers, issue tenders, negotiate smarter contracts, and select the best long-term partners. Only after all that groundwork do they move into purchasing, receiving, and paying. That’s S2P — a full-spectrum process that begins with insight and ends with impact. It’s about making informed, strategic decisions that deliver long-term value. So, while P2P is like walking a well-paved road, S2P is like designing the entire map before taking the first step. In the end, both are essential: P2P keeps the engine running — S2P makes sure it’s headed in the right direction. #supplychainmanagement #logistics #scm #supplychain #procurementstrategy #procurement #procurementprocess #p2p #procure2pay #sourcing #source2 #sourcetopay #strategicsourcing #strategicprocurement