When you’re grappling with the nitty-gritty of growing a business, the seemingly endless emergence of new procurement terminologies and buzzwords, collectively referred to as Procurement Terminology, can easily pass us by. The problem is that every business needs to adapt to the realities of digital transformation if they wish to realize the vast benefits of today’s incredible procurement solutions.
Underpinning every new solution is a determination to make doing business faster, easier, streamlined, and much more cost-effective. But with new tech come new acronyms, and there are three Procurement Terminology acronyms that often get confused. So, let’s unpick the difference between P2P, R2R, and Q2C.