Critical role in the make or buy decision

Procurement plays a critical role in the make or buy decision process, which involves deciding whether to produce a product or service in-house or to outsource it to a third-party supplier. Procurement...

Achieving local supplier development

Achieving local supplier development requires a strategic and collaborative approach. Text is based on knowledge provided by Idar Nouti. Follow Idar Nouti on LinkedIn. Achieving local supplier development requires a strategic and collaborative...

A business setting where a diverse group of professionals are reviewing a document titled Supplier Code of Conduct

Creating a Supplier Code of Conduct

What to think about when creating a Supplier Code of Conduct (CoC). Businesses are expected to not only focus on profit but also on ethical and social responsibility (ESG). One crucial aspect...

Technical specification as part of a RFQ.

When putting out a Request for Quotation (RFQ), a Technical Specification might be an essential part of the documentation. It is a document that outlines the technical requirements and specifications of the...

a buyer looking at ECCN for Quoted Products received from an international supplier

ECCN for Quoted Products – important for buyers

Export Control Classification Numbers (ECCNs) play a crucial role in international trade and ensuring compliance with export control regulations. As a buyer, it is essential to request an ECCN from the supplier...

A buyer in this Nordic style office require suppliers to be ISO9001 certified

Why require suppliers to be ISO9001 certified

As a buyer, you are always looking for ways to ensure that the products and services you purchase meet the highest quality standards. One way to do this is by requiring your...

Finding a relevant ISO standard

Standards are established by consensus among experts and lay down precise criteria designed to ensure the reliability, safety, and efficiency of products, services, and systems. They serve as a common language that...

A procurement management team working on risk management practices in procurement

Risk management practices in procurement with ISO 31000

Managing risks has become an imperative for organizations aiming to maintain competitiveness and achieve sustainability. The adoption of ISO 31000, the international standard for risk management, offers a structured and effective approach...

Chief Procurement Officer presenting the cornerstones of a the CPO agenda

The agenda of a Chief Procurement Officer (CPO)

As the head of a company’s procurement department, the Chief Procurement Officer (CPO) is responsible for ensuring that the organization’s procurement function is efficient, cost-effective, and aligned with the company’s overall goals...