![]() ![]() ![]() Experienced manager with excellent client and project management skills. Creative consultant with excellent analysis, strategy planning and problem-solving skills. The ultimate goal of S2C is to drive value from contracts - that is, ensuring that all contracts find maximum utilization and drive maximum value with complete visibility all across. Ariba functional and technical expert with proficiency in procurement business process and have a successful track record in a complete implementation of Ariba spend management tool. ![]() Source-to-contract delivers breakthrough improvements in year-on-year savings and enables enterprises to free up time and resources, and the same time significantly improve return on operating costs. The activities within S2C for contract management and supplier relationship management are all core activities for procurement, making S2C both a process of execution of a project as well as its long-term management. It’s more than just a process with a beginning and an end at contract signature. With all the core procurement activities covered - from opportunity assessment, through strategy planning, sourcing and negotiations, and contract origination - source-to-contract or S2C is all about setting up the possibility of savings, efficiencies and additional value. Now, the winner moves for final approval and then accepts payment. The next step is a reverse auction, where vendors bid from the lowest prices up to the point where the contract is allotted to the winner. Top-notch quality, along with the best pricing, are essential parameters. Sourcing is the first yet most crucial step for shortlisting suppliers through automated specialized software. S2C has several elements that strategically contribute to the procurement process. It advances to the request for quotation and contract negotiation phase before finally awarding the contract to a suitable supplier. The process begins with analyzing the product or service requirement and developing a sourcing strategy. Source-to-contract refers to the collective set of procurement processes adopted when sourcing products or services.
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