A CPO's complete reference guide to sustainable performance improvement through strategic sourcing and procurement management.
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This abridged version of the study contains a snapshot of the most popular performance metrics and best practices for the P2P Process in a high-level format.
The goal of every P2P (Procure-to-Pay) initiative is to achieve compliance: compliant purchases from approved vendors at contracted prices, following a compliant buy/pay approval process....
Just as “wearable” technology has come into vogue as a way to constantly monitor the vital signs of our own personal health, procurement organizations need visibility in to the real-time...
While Procure-to-Pay (P2P) automation technology has been around for almost two decades now, very few standard approaches, processes and/or clear best-in-class performance benchmarks have emerged...
With the advent of Big Data and sophisticated tools, it is now possible for procurement professionals to study granular data, including dashboards that are customized for individual users. However...
50% or more of a company's total purchases are accounted to indirect spend. These spend are characterized by large supplier base, low volume purchases and a diverse stakeholder base throughout the...
When it comes to key performance metrics, the top performing organizations are distancing themselves from the rest of the market; especially in terms of efficient requisition-to-order processes....
The journey towards a Source-to-Pay (S2P) transformation has the potential for tremendous efficiencies en route and benefits upon arrival at the destination of a more strategic and effective...
In this whitepaper, we revisit Porter's original work with the intent of inspiring procurement executives and professionals at all levels to explore how Porter's Five Forces can and should be...