What is Source Contract?

Source-to-contract refers to the collective set of procurement processes adopted when sourcing products or services. The process begins with analyzing the product or service requirement and developing a sourcing strategy. It advances to the request for quotation and contract negotiation phase before finally awarding the contract to a suitable supplier. Learn more about our Source-to-Contract services.


Related Terms

What is S2P?What is S2P Software?What is Savings Tracking?What is Savings Tracking Software?What is Selling, General and Administrative (SG&A)?