The SAP P2P cycle illustrated in the flowchart image depicts the steps involved in the procurement process, from identifying a need to making a payment. It is a circular diagram showing the flow of the process.

The cycle begins with determining the material requirements. This is followed by identifying a source for the materials, which can involve selecting a vendor and creating a purchase requisition. Once a vendor is chosen, a purchase order is created.

After the goods are received, they are inspected to ensure they meet quality standards. If they do, an invoice is processed for payment. Finally, the payment is made to the vendor.