Procure-to-Pay (P2P) and Supplier Governance are both key to effective procurement management. Download this paper to understand why procurement executives should consider addressing both in parallel.
- Procurement optimization programs often focus exclusively on P2P tools assuming a homogenous supplier base
- P2P tools, with their limited post-signature supplier management functionality, prove to be inadequate for services suppliers – a dominant spend category in the modern procurement portfolio
- In the absence of a supplier governance system, the savings generated on the front end (pre-signature) across the tactical supply base are effectively neutralized by the significant value leakage on the back-end (post-signature) in strategic services contracts