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St. Paul Heights School Purchase Officer Interview Questions and Answers
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- Q1. What is P2P cycle?
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P2P cycle refers to the Procure-to-Pay cycle, which is the process of purchasing goods or services and paying for them.
The cycle starts with identifying the need for a product or service
Then, a purchase order is created and sent to the supplier
The supplier delivers the product or service and sends an invoice
The invoice is verified and approved for payment
Finally, payment is made to the supplier
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