What is P2P (Procure to Pay) in Warehousing?
P2P (Procure to Pay) is an end-to-end process that manages the entire lifecycle of acquiring goods and services for your warehouse operations. It begins with the requisition phase, where items are requested based on the warehouse's needs.
From there, the purchasing department orders the necessary goods or services from suppliers. Once the items arrive, they are received and checked for accuracy. The final step involves making payments to suppliers for the goods received.
The P2P process also ensures proper accounting and financial reporting, providing transparency and control over expenses.
It's a critical function that keeps warehouse operations smooth, efficient, and cost-effective by ensuring that supplies are available when needed without overspending or delays.