Source to Contract (S2C) is a collective set of procurement processes used while sourcing products or services. The process focuses on developing a sourcing strategy, after analyzing the product or service requirement. This process ensures that the activities performed by the procurement team will result in an effective acquisition for the requirement. The S2C process covers: analysis of the requirement, availability of suppliers within the target market, development and execution of sourcing strategy, the entire RFx process, contract negotiations, contract implementation, and supplier performance management