Authors: Bhavana Sandip Dherange, Dr. Shekhar Chavan
Abstract: P2P, or procurement to pay, is a crucial business process that combines Purchasing, handling suppliers, processing invoices, and making payments within a company. The procurement-to-payment procedure at Cement Industry is the main subject of this study. One of the biggest producers of cement in India is Cement. Understanding is the goal. How the business effectively handles procurement while controlling expenses, prompt payment, supplier compliance, and transparency. The Cement Industries has implemented RFQ and supplier portals, among other digital procurement systems, SAP-integrated procurement modules and reverse auctions. These systems are beneficial. Simplify sourcing, reduce paperwork, improve vendor communication, and Boost the effectiveness of operations. The workflow from purchase is examined in the study. Payment to the vendor is requested, major issues are noted, and best practices are emphasized. The business adheres to specific procedures. The findings show that an automated Stronger suppliers and improved inventory control are encouraged by a sustainable P2P process. Connections and improved financial management. The Procurement to Pay (P2P) process plays a vital role in ensuring effective procurement management, financial control, and operational efficiency in large manufacturing organizations. This study focuses on the analysis of the Procurement to Pay process at Cement Industry, India’s largest cement manufacturer. The P2P process integrates procurement activities with accounts payable functions, covering the complete cycle from identifying material or service requirements to final vendor payment. The objective of this study is to understand the structure, functioning, and effectiveness of the P2P process adopted by Cement Industry. The research examines key stages such as purchase requisition, vendor selection, purchase order management, goods receipt, invoice verification, and payment processing. Emphasis is also placed on the role of digital systems and internal controls in improving transparency, cost optimization, compliance, and vendor relationship management. The study is based on secondary data collected from company publications, academic literature, and industry reports related to procurement and supply chain management. The findings indicate that Cement Industry follows a well-structured and standardized P2P framework supported by digital tools, which helps minimize errors, reduce procurement cycle time, and ensure regulatory compliance. The study concludes that an efficient Procurement to Pay process contributes significantly to organizational performance by enhancing cost control, operational efficiency, and supplier satisfaction. The insights gained from the research may be useful for manufacturing firms seeking to strengthen their procurement systems and for academic understanding of P2P practices in large-scale industrial organizations.
DOI: https://doi.org/10.5281/zenodo.19812800
