Remove Contract Management Remove Goods & Services Remove Innovation
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Let’s Get Digital: Introducing your Source-to-Pay Guide

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The last phase of the process, also known as Procure-to-Pay includes the ordering of goods/services, receiving of these, invoicing and payment to suppliers. Also included: supplier improvement plans, innovation plans and overall supplier collaboration.

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What’s the Difference Between Direct vs Indirect Procurement?

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Capturing Value occurs when a contract has been established that governs the responsibilities and obligations of both supplier and buyer, and well as when the organization has the right Procure-to-Pay processes in place to ensure compliance to those agreements, goods, services and prices. . Direct vs Indirect Procurement.

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Navigating the 5 Steps of the Procurement Journey Part 2

The Procurement School

In instances, such as a limited number of potential bidders, a complex procurement or a new or innovative concept a procurement may be posted longer to attract more bidders. Once the Procurement Journey is completed the procurement is passed to the contract manager for execution.

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