1,what is O2c cycle 2.what is P2P cycle

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Accepted Answer

O2C cycle is the process of receiving and fulfilling customer orders, while P2P cycle is the process of procuring goods and services from vendors.

O2C cycle involves order entry, order processing, order fulfillment, and payment collection.
P2P cycle involves requisition, purchase order creation, goods receipt, invoice receipt, and payment processing.
Both cycles are important for the smooth functioning of a business and involve multiple departments such as sales, procurement, finance, and accounting.
Examples of O2C cycle include online shopping, restaurant orders, and subscription services, while examples of P2P cycle include office supplies procurement, vendor management, and contract negotiation.

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