What is Source-to-Contract (S2C)?
Source-to-Contract, often referred to as S2C
1, is the end-to-end spend control process that supports the Procurement team in the activities they perform to make qualified suppliers and negotiated best-value agreements available to the organisation for use when they need to buy something.
2
S2C includes
Sourcing,
Supplier Relationship Management (SRM) and
Contract Management3 with the aim of help streamline operations and obtain best value
4 through effective supplier adoption, evaluation, and communication.