Procure to Pay (P2P)

The end-to-end process of obtaining and managing the raw materials, goods, and services needed to manufacture a product or operate a business, through to payment.

Process Stages

1

Requisition & Need Identification

P2P_S01
6 KPIs9 Standards

Identifying the need for goods or services and creating a purchase requisition.

6 KPIs measure this stage
• 9 standards required
2

Supplier Selection & Purchase Order Creation

P2P_S02
6 KPIs9 Standards

Selecting suppliers (often through RFx processes), negotiating terms, and issuing a formal Purchase Order (PO).

6 KPIs measure this stage
• 9 standards required
3

Goods/Service Receipt & Inspection

P2P_S03
6 KPIs9 Standards

Receiving delivered goods or confirming service completion, and inspecting for quality and quantity against the PO.

6 KPIs measure this stage
• 9 standards required
4

Invoice Processing & Verification

P2P_S04
9 Standards1 DQ

Receiving supplier invoices, validating them against POs and goods receipts (3-way match), and resolving discrepancies.

• 9 standards required
• 1 DQ dimensions critical
5

Payment & Reconciliation

P2P_S05

Processing payments to suppliers according to agreed terms and reconciling accounts payable.

6

Supplier Relationship Management

P2P_S06

Ongoing management and performance evaluation of suppliers.

Local Network
Total KPIs
18

Measuring this lifecycle

Total Standards
36

Required across stages

Total DQ Dimensions
1

Critical for quality