Complete S2C process and P2P cycle

Question

Accepted Answer

S2C process involves sourcing goods/services while P2P cycle involves purchasing and payment.

S2C process: sourcing goods/services from suppliers, negotiating contracts, selecting vendors
P2P cycle: requisitioning goods/services, creating purchase orders, receiving goods, processing invoices, making payments
Example: S2C process includes RFx (Request for Proposal/Quote), supplier evaluation, contract negotiation. P2P cycle includes purchase requisition, purchase order creation, goods receipt, invoice processing, payment.