Spotlight on Direct Materials Procure-to-Pay (Recorded Webcast)
The processes and challenges for direct materials procure-to-pay (P2P) are quite different than for indirect and MRO P2P. Furthermore, direct materials P2P solutions are much more varied and diverse than for indirect P2P. This webinar presents the findings from ChainLink Research's survey of over 120 manufacturers about their direct materials P2P processes and practices.
In this webinar our presenter, chief research officer of ChainLink Research Bill McBeath covers:
- Four stages of the direct materials P2P lifecycle: 1) Demand-to-Confirm, 2) Build-Change-Deliver, 3) Receive-Inspect-Accept, and 4) Invoice-Reconcile-Pay
- Typical and industry-specific challenges at each stage of the lifecycle and how leading companies are solving those challenges
- Relationship-intensive and automation-intensive aspects of the processes throughout those stages
- A P2P solutions framework for making sense of the diverse landscape of solutions, to better understand the various options for solving different types of direct P2P challenges