Source to Contract (S2C) is a term used to describe the process of sourcing, negotiating, and managing contracts with vendors and suppliers. It is a critical part of the procurement process and involves a range of activities, from identifying potential vendors to finalizing the contract. It is important to ensure that the process is efficient and effective in order to get the best value for money and ensure that the organization is compliant with relevant laws and regulations. S2C is a complex process that requires a deep understanding of the market, the products and services being sourced, and the legal and financial implications of the contract. It is also important to ensure that the process is transparent and that all stakeholders are aware of the terms and conditions of the contract. The goal of S2C is to ensure that the organization is able to obtain the best value for money and to ensure that the vendor is able to provide the goods and services required in a timely and cost-effective manner.
