Purchase to pay cycle: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Create the page. Source: GSCFF Standard Definitions.) |
(No difference)
|
Revision as of 13:54, 20 June 2016
(P2P).
The purchase-to-pay cycle is about the trade finance cycle between an organisation and its suppliers.
The primary concerns of the purchasing organisation are normally with:
- Mitigating delivery risk
- Extending the payment cycle as far as commercially reasonable.
The purchase to pay cycle is sometimes known as the 'procure to pay cycle'.