STS (Single Transaction Summary)
STS stands for Single Transaction Summary, a document used in procurement to provide an overview of an entire transaction within one report. A STS report can be generated at any time, providing detailed information about the cost and scope of goods or services included in a specific transaction. The purpose of this document is to give stakeholders a comprehensive view of all activities related to a single purchase, helping them make more informed decisions in a timely and accurate manner. The STS report also serves as an essential tool for monitoring cash flow and supplier performance.
