Procurement - Process
P2P
(Procure-to-pay)
The business process from requesting a purchase through ordering, receiving it and paying the supplier
What's it for?
Connects the steps from requesting a purchase through ordering, receiving and paying for it.
For example…
A manager requests new laptops, the purchase is approved, the supplier delivers them and finance pays the invoice after checking it matches what was ordered
A P2P process begins when an employee requests a laptop, continues through approval and purchase order, and ends when the supplier invoice is paid
Think of it like…
Household shopping loop: decide what you need, buy it with a list, check the bag, then settle the card bill