What is Source-to-Contract?
Source-to-Contract (S2C) is the process from sourcing to contracting. You start with the analysis of your purchasing needs and eventually work towards contracting the most suitable supplier. This process includes contract management, supplier management and category management. It is the tactical side of the entire purchasing process.
Good system support in your S2C process provides more insight and control over your purchasing activities. This enables you to effectively manage your expenses, minimize risks and increase efficiency. It allows businesses to achieve their strategic goals and promote sustainable purchasing practices.
Set course for digital transformation
The workload of purchasing professionals is increasing by 25%. This is despite the fact that the desire to invest in additional staff is not increasing, according to research by McKinsey. As an organization, how do you absorb those extra manpower/man-hours? A solution is to work more efficiently with the integration of the latest technologies (such as generative AI). In order for your organization to effortlessly navigate through all developments, the digital transformation is a must.
With the right knowledge and expertise, you are already setting the first course to success. This is where we can support your organization as independent experts. With appropriate tools and knowledge, we help you optimize your purchasing process. Wondering how? Please feel free to contact us.