P2P – AP & Purchasing

10 Building Blocks for Continuous Improvement in Procure to Pay

Approaching continuous improvement in a P2P environment can seem like a daunting task. It can be difficult to determine how to begin an endeavor that, by its very name, has no end. Matthew Molter, Manager of Properties and Procurement Support at Meijer, a grocery store chain with 200 locations across Ohio, Illinois, Indiana, Michigan, Wisconsin,... Read more »
To access this content, you must be an AP & P2P Network Member. Become a member today.

How Leading Companies “Unlock the Full Potential” of P2P

Jess Scheer Continuing Education Manager, IOFM Most organizations run P2P in two separate silos: Procurement is responsible for selecting and negotiating terms with vendors and then ordering goods or services from those vendors. And then the purchase gets tossed over the wall to AP to pay for it. At very small organizations, this distinction is… Read more »

IOFM Series: Mitigating the Risk of Procure-to-Pay Improvement

When AP practitioners discuss improving P2P, the conversation almost invariably focuses on automation. Which technology would accelerate how quickly we: scan invoices, match the invoices to POs, process and then reconcile the payments, etc.? While various systems can enable improvement, they should not be the first place AP practitioners look to make their processes more… Read more »

IOFM Series: Mitigating the Risk of Procure-to-Pay Improvement—Part 2

 Phase #2: Standardize and Specify How the Work Gets Done Step 3: Standardize Roles and Responsibilities Identifying how the process should run, and by whom, is crucial to driving improvements In the first installment of this series, we discussed the importance of: standardizing the language your company uses to describe each piece of procure-to-pay (P2P),… Read more »

The ‘R’ in P2P

By Pam Miller, APMD The absence of an “R” (for receiving) in the term “procure-to-pay” (P2P), symbolizes the state of receiving in many organizations. While receiving is a function that has evolved over time, it is often overlooked or operating inefficiently. Effective Receiving Is the Foundation of Effective P2P The fact is, accurate and timely... Read more »
To access this content, you must be an AP & P2P Network Member. Become a member today.

P2P Success Clearly Counts on Communication

By Keith D. Dabbs, MBA, CMRP, APM Coordination and collaboration between AP and  purchasing form the foundation of an effective P2P process—and communication is the ground on which this foundation sits. To keep this ground from getting shaky, AP managers must promote clear, frequent, and ongoing communication with  purchasing. Here are some ways AP leaders... Read more »
To access this content, you must be an AP & P2P Network Member. Become a member today.

What Do We Mean By the ‘Expenditure Cycle?’

By Pam Miller The concept of the “expenditure cycle” has been discussed and studied for many years in textbooks—even though many of us have never heard the term. At its most basic level, the expenditure cycle begins with the decision to make a purchase. The cycle includes: The purchasing process performed by an individual or… Read more »

Procurement and AP: A View from the Other Side

Why AP and Procurement Departments Struggle To Work Together to Achieve Progress, and What to Do about It By Brian Rosenberg Accounts payable (AP) and procurement/purchasing departments are the opposite sides of the same coin.  Both are necessary for a successful operation and one cannot exist without the other.  However, they often do not see... Read more »
To access this content, you must be an AP & P2P Network Member. Become a member today.