A professional buyer explain procure to pay to a teater seated class of future buyers

Procure to Pay – introduction to new buyers

In procurement, the Procure to Pay (P2P) process is fundamental to efficient operations and financial control. As a buyer in training, understanding P2P, alongside Source-to-Pay (S2P), will equip you with the basic...

Financial Transactions in Procurement: How Buyers Avoid Payment and Invoice Problems

As a professional buyer, understanding the financial transactions in Procurement is crucial for maintaining healthy business relationships.

Negotiating Payment Terms with help of a graph

Case Study: Negotiating Payment Terms in Procurement

Introduction to the Case In procurement, negotiating payment terms with suppliers is a skill that can influence a company’s cash flow, operational efficiency, and long-term business health. To illustrate this, let’s explore...

TEU in Procurement: What Buyers Need to Know Before Requesting Container Freight Quotes

What buyer needs to know about TEU - a basic level introduction to the basics. Size, examples how much it holds, cost break down and more.

Counterfeit Components in Procurement: How Buyers Protect the Supply Chain

Counterfeit components are a growing concern. It's essential for companies to have a counterfeit components clause in a procurement contract.

Cost-Based and Value-Based Pricing in Procurement: How Buyers Understand Supplier Price Logic

Cost based and Value based pricing are very present in Sales and Procurement departments day to day work. The blogpost explain the basics.

How Procurement Supports Company Strategy Through the Supplier Base

Leadership within the Procurement Function: Building Capability focusing on Category Management, PMT, and Organization & Roles

Free and Clear Products in Procurement: How Buyers Avoid Ownership Risk

A buyer may believe that the purchase is complete when the goods are delivered and the invoice is paid. But what if another party still has a legal or financial claim to...

Procurement Learning: Why Courses, Reflection, and Real Cases Must Work Together

Many learners believe they have learned procurement because they have completed an online course, read a blogpost, or attended a classroom session. But in procurement, exposure to knowledge is not the same...

Buyer Skills in Procurement: Complementary Skills Beyond Procurement Training

There are several essential skills for buyers that we do not cover in our training programs since they are not unique for the buyer community.

The Procurement Framework blog at LHTS

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