The first step of a procure-to-pay process is to determine and define the business requirements with the help of cross-functional stakeholders. Once a valid need is identified… See more

After finalizing the specifications/TOR/SOW, a formalpurchase requisitionis created. A requester submits the filled-out purchase requisition form after ensuring th… See more

Submitted purchase requisitions are then reviewed by department heads or procurement officers. Approvers can eitherapprove or reject a purchase requisitiona… See more

If the requested goods/products have characteristics such as unmanaged category buys, one-time unique purchases, or low-value commodities, then a spot buy can be perf… See more

Purchase orders are now sent through an approvalloop to ensure the legitimacy and accuracy of specifications. Approved purchase orders are then dispatched to vendors. Af… See more