P2P Delivery: Global Footprint Dominated by India | Market Insights™
P2P delivery: Global footprint dominated by India
P2P delivery: Global footprint dominated by India
P2P process and business performance measures: processing time, productivity, spend control, payment timeliness
57% have adopted a GPO model for their P2P; however, the majority are still in the nascent stage
While the majority of organizations have a standardized P2P process, most also have significant variations by geography and/or BU
Technology has significant impact on procurement processes
Over 80% of organizations have either adopted or plan to adopt a process-driven approach
The majority of organizations have no plans to implement an end-to-end ownership structure going forward due to divergent business objectives of the two functions
Organizations that leverage PO realize 5-10% savings on their outsourced procurement spend, but spend creep and limited integration with upstream and downstream processes results in significant savings leakage
Despite the huge potential, organizations find it difficult to manage their tail-end spend because they believe the challenges outweigh the benefits
PO is expanding beyond traditional geographic boundaries with increased adoption in the Middle East and Africa, Latin America, and APAC
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