oboloo

oboloo Glossary

Source To Contract

oboloo Glossary

Source To Contract

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.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971