Source Contract

« Back to Glossary Index

Source Contract

Source Contract is a sequential cycle that delivers an accurate representation of how most procurement organizations identify and select suppliers. Procurement releases an RFX to identify potential partners that are capable of delivering the needed goods or services within the profit model the organization has created. Yet evaluating suppliers on these criteria alone does not provide a complete picture of whether that company can and should win the business.

« Back to Glossary Index

Subscribe to our newsletter to get regular updates

    Related Blogs

    See how Aavenir works for your business needs.

    Learn how Aavenir can help you eliminate manual processes, get more transparency and accelerate turnaround.