Friday 29 January 2016

Procure-To-Pay (P2P) Provides transparency and countless benefits to organization

Authored by Usama Shahid

Today’s organizations are increasing their focus on financial process automation, and many are moving to automate sourcing and purchasing activities by implementing Purchase-to-Pay activities software’s. 

We have observed that P2P software’s bringing numerous benefits to organizations and assisting material professionals to achieve core methodologies like time reduction in  Procurement Cycle, Visibility of Procurement Spend, Increased Cost Savings,  Transparent Business Process and early payments made via P2P system enhance confidence of suppliers to provide significant discounts to organization. 

Thursday 14 January 2016

Best Approach to Leverage Strategic Sourcing

Authored by Usama Shahid

Strategic Sourcing is an organized and collaborative approach to leveraging targeted spend across locations with select suppliers that are best suited to create knowledge and value in the customer-supplier interface. We cannot overemphasize the importance of operating in a collaborative manner.