Source-to-contract

Source to Contract (S2C) represents a strategic framework encompassing a series of processes aimed at identifying and selecting strategic vendors for products or services within an organization. This comprehensive approach involves strategic activities such as past spend analysis, supplier performance evaluations, development of sourcing strategies, and the implementation of procurement methodologies like requests for proposals (RFX), auctions, and negotiations.

S2C is integral for organizations seeking to optimize vendor selection, negotiate favorable terms, and establish robust contractual agreements. By adopting Source to Contract practices, businesses can enhance transparency, mitigate risks, and drive efficiency in their procurement processes, ultimately contributing to the overall success of their strategic sourcing initiatives.


Learn more about Ivalua's Source-to-Pay Software Solutions.