Source-to-Contract (S2C)

Source-to-Contract (S2C) is a procurement process spanning from identifying potential suppliers to executing binding agreements. This upstream procurement function focuses on strategic activities that set the foundation for effective purchasing operations.

The S2C process typically includes:

• Needs identification and requirements definition
• Market analysis and supplier research
• Supplier prequalification and selection
• RFx preparation and event management
• Bid evaluation and negotiation
• Contract creation and approval
• Supplier relationship establishment

Digital S2C solutions streamline these activities through automation and collaboration tools, creating a structured approach to sourcing that drives value through better supplier selection, improved terms, and more strategic relationships.