When multi-industry procurement and accounts payable finance teams assess their overall purchase-to-pay (P2P) processes, they can often find areas of bottlenecks and friction. In many cases, the culprit is paper-based or manual-driven exception processes. Such friction leads to added inefficiencies, strained relationships and added costs from multiple areas. They often stem from classic organizational, process and technology enablement barriers.
Deep Dive on 2017 Predictions for Industry and Global Supply Chains- Prediction Two: A Challenging Year in Procurement
The following Supply Chain Matters blog is part of our […]
Of late, the trend of extending payment terms to suppliers […]