what is P2P process? How you will deal to get early delivery from supplier? how you manage supplier relationship? What are the parameters in Procurement? What is SOP?

Question

Accepted Answer

P2P process is Procure to Pay process which involves purchasing goods or services and paying for them.

To get early delivery from supplier, we can negotiate delivery terms and offer incentives for early delivery.
Supplier relationship can be managed by maintaining regular communication, providing feedback, and resolving issues promptly.
Parameters in procurement include quality, price, delivery time, and supplier reliability.
SOP stands for Standard Operating Procedure and is a set of instructions for carrying out a specific task.