The official business definition of a P2P Purchase is a transaction that occurs between two parties without any intermediaries. This kind of transaction is commonly conducted through the internet, but can also be done through traditional means. It allows businesses to purchase goods and services directly from their suppliers without having to use a third-party distributor. This purchasing method is especially advantageous for businesses that need to purchase products or services quickly and efficiently.
The P2P Purchase approach helps to cut out the middleman and allows businesses to have more control over the product or service they are obtaining. This purchasing method also helps to reduce costs for the business by streamlining the purchase process. Businesses can negotiate with the supplier for better pricing and better terms of service compared to working with a third-party distributor. By cutting out the middleman, businesses also have more control over the quality of the product or service