What is Purchase to Pay or P2P?

07 Apr 2010 Posted by Pete Loughlin in Purchase to Pay, What Is?

Purchase to pay, often abbreviated to P2P, refers to the business processes that cover activities of requesting (requisitioning), purchasing, receiving, paying for and accounting for goods and services. Purchase to Pay is synonomous with other terms such as “Req to Check” and “Procure to Pay”…

Corruption and Purchase to Pay

06 Apr 2010 Posted by Pete Loughlin in Purchase to Pay

Peter Smith in Spend Matters recently wrote about his naivety as a young purchasing manager thinking that corruption always happened somewhere else. Well, as he writes, it doesn’t and as Peter points out in a few examples, it is not just in far flung places…

Top 5 Reasons to Manage Procurement by Category

03 Apr 2010 Posted by Pete Loughlin in Purchase to Pay

Category management is nothing new. Retailers have used category management your years as a means of synergizing their marketing efforts on entire product groups rather than individual brands. In recent years this practice has been adopted in procurement also. There are 5 main areas of…

Demand for Procurement Software Increasing in 2010

01 Apr 2010 Posted by Pete Loughlin in Procurement Software

According to Forrester, reported by Purchasing.com, spend on procurement software will increase markedly in 2010 following a stagnant 2009. The areas high-lighted to enjoy increased revenue are: Supplier Risk and Performance Management Automated spend analysis Contract Life-cycle Management Services Procurement Supplier Networks Consolidation in the…