Tata Motors Procurement Executive Interview Questions and Answers

P2P stands for Procure-to-Pay, a process that involves all activities from identifying a need to making payment for goods or services.

• P2P is a comprehensive process that includes requisitioning, sourcing, purchasing, receiving, and payment

• It involves collaboration between procurement, finance, and accounts payable departments

• P2P aims to streamline the procurement process, reduce costs, and improve efficiency

• Examples of...read more

A purchase order is a document issued by a buyer to a seller, outlining the details of goods or services to be purchased.

• The purchase order includes information such as the type and quantity of goods or services, delivery date, and payment terms.

• The purchase-to-pay (P2P) cycle is the process of procuring goods or services, from identifying a need to making payment.

• The P2P cycle includes steps such as requisition, purch...read more