Buyer Interview Questions and Answers for Freshers

S2P stands for Source-to-Pay and refers to the entire procurement cycle from sourcing suppliers to making payments.

• S2P involves activities such as supplier selection, contract negotiation, purchase order creation, invoice processing, and payment.

• It helps organizations streamline their procurement processes and achieve cost savings.

• Example: Using a S2P software platform to manage all procurement activities from sourcing to payment.