S2C (Source-To-Contract)

S2C, or Source-to-Contract, is the complete procurement process from sourcing and selecting suppliers to signing contracts. It delivers measurable value to businesses through efficiency gains and cost savings. The S2C approach involves a multi-phase process which begins with preliminary market research. This informs the organization’s strategic objectives, requirements, and selection criteria for potential suppliers. After vendor selection, negotiations occur to obtain the best terms and conditions that align with the organization’s needs. Once an agreement is reached, contracts are signed to formalize the partnership. Through this meticulous process, organizations can strengthen their supply chains while reducing overhead costs associated with sourcing and contracting.