The Source To Contract Process (S2C) is an official business process that involves the procurement of goods and services from external suppliers. It is a critical process that helps organizations ensure that they are obtaining the best value for their money and that their suppliers are meeting their requirements. The process begins with the identification of potential suppliers and the selection of the most suitable one. Once the supplier is chosen, the organization and the supplier enter into a contract. This contract outlines the terms and conditions of the agreement, including the price, delivery, and payment terms. During the contract period, the organization monitors the supplier’s performance to ensure that they are meeting the agreed-upon terms. The process ends with the payment of the invoice and the receipt of the goods or services. The S2C process is an important part of any organization’s procurement strategy and helps to ensure that the organization is getting the best value for its money.
