P2P Networks for Digital Transformation: Direct Materials Procure-to-Pay, Its Role in Strategic Competitiveness
For all the advancements in supply chain technology, many businesses still suffer from unnecessary pain in their procurement processes. That's because most procure-to-pay technology focuses largely on indirect spend; that is, goods that are incidental to running the business that aren't necessarily related to a finished product. While often valuable, these indirect goods are not as mission critical as the materials flowing through the supply chain. In this paper, ChainLink Research gives deep perspective on both direct and indirect spend, and explores how automating procure-to-pay processes can boost supplier health, enhance collaboration, and power digital transformation in the supply chain.