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The Source-to-Pay process itself is quite broad but it covers most if not all the aspects of a procurement organization, at least from a process and technology perspective. S2P is the end-to-end process that encompasses all the activities between an organization and its suppliers.
However, it is important to understand the differences and varying degrees of focus between direct and indirect spend in procurement and sourcing. What is Direct Procurement? Direct Procurement is made up of a series of related processes that span the full product lifecycle. appeared first on Ivalua.
Effective procurement practices allow the establishment of a closed-loop circular supply chain that helps deliver more efficiency, from end-to-end and supports the formalisation of different services, including e-waste management, recycling, resource sharing, and supplier regulatory development.
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