At any stage of digital
transformation your business, whether you’re just getting started or
have existing IoT challenges to overcome. SAVIC help you develop an IoT
road map. Implement right IoT application and architecture for your
business ensuring interoperability. With IoT technologies and
applications, the business possibilities are virtually endless. Internet
of Things (IoT). These “things” talk to each other, collect streaming
data and insights, and can advise people about the best way to use them
in real time. IoT – and the machine-to-machine (M2M) technology behind
it – is bringing a kind of “super visibility” to nearly every industry.
Procure to Pay, also known as P2P , is the process of obtaining the raw materials needed for manufacturing a product or providing a service, and making payment for these. Every manufacturing concern or service provider needs to run this cycle efficiently if they are to continuously manage their cash flow, build goodwill with suppliers and make profits. Steps of the Procure to Pay (P2P) Cycle: * The process begins with planning what materials are required, when they are required, and the price that the company can afford to pay for them. * Then the company prepares a list of vendors that they think can provide the materials for them. * The company asks each of the vendors to submit a quotation, which includes the price, terms of delivery, quality of materials, and any other information that they need for making their decision. This stage could also involve negotiating with the vendors for the best deal. * Once a vendor has been chosen, t...
Excellent Topic and very useful
ReplyDelete