Sourcing and RFX management are key for better procurement. Even though procurement is managed well in ERP, sourcing happens mostly through email, excels leading to inefficiency and errors. S2P is a structured approach to effectively manage all supplier information as vendor data (e.g., contact information, products, services), life-cycle management, Requisition/ RFQ/ RFP/ PO processes, risk, performance & compliance. Effectively managingthis helps maximize business value of your supplier interactions.
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