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
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