Six best practices for P2P in a recession
09 Jun 2009
Source: Supply and Demand Chain Executive, May 2009
During the current recession, the strategic game plan of most companies is to cut costs, streamline operations and work more efficiently. Nowhere are these strategies more important than in the procure-to-pay (P2P) arena.
Together, procurement and accounts payable provide an important profile of an organisation’s spend, cashflow and economic health. Achieving visibility in these areas helps organizations understand their spending patterns, and this visibility is the first step to achieving control of expenses and making smarter purchasing decisions.
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