Procurement and supply chain is an area of perennial challenge for many organisations. It’s key to operational effectiveness but extends beyond the organisation. The more sites, staff and suppliers there are, the harder this is to control.
Procurement departments are also being asked to deliver more. Procurement directors must generate savings but their remit is also being extended to cover areas such as CSR, sustainability and product innovation. The opportunity for procurement is increasing but it often means delivering more with the same (and frequently less) resource.
5 P2P success factors
Technology is a great enabler; procure-to-pay is a great example in delivering savings and control whilst liberating resource for more value-added activities. Despite the prevalence of P2P solutions there are few organisations that manage to implement it effectively and get the best out of their platform. The key requirements for P2P success are: