Make or Buy Decision in Procurement: How Buyers Support Strategic Business Choices
Learn how procurement supports make or buy decisions through strategy, risk assessment, supplier market analysis, TCO, and senior buyer judgment.
Liquidated Damages in Procurement: Remedies, Risk and Contract Clauses
Learn what liquidated damages mean in procurement, how they relate to remedies, supplier delay, risk mitigation and contract management.
Spend Under Management vs Addressable Spend: What Procurement Must Understand Before Reporting Savings
Understand the difference between spend, addressable spend, spend under management and spend under contract. Learn why procurement must define these terms before reporting savings, category opportunities or procurement influence.
Business Contingency Planning in Procurement: How Buyers Reduce Supplier Disruption Risk
Business Contingency Planning in procurement helps buyers reduce supplier disruption risk. Learn how BCP connects to RFQ, supplier qualification, contracts, supplier management and procurement policy.
Procurement Operating Model: The Missing Link Between Procurement Strategy, Policy and Daily Buying Work
A procurement operating model explains how procurement works in practice. Learn how it connects strategy, policy, roles, processes, governance, systems and supplier management — and why it should come before changing the...
ECCN, AL and HS Codes in Procurement: RFQ Data Buyers Need for Export Control and Customs Cost
Buyers need more than unit price when sourcing internationally. Learn why ECCN, EU dual-use classification, HS code, CN/TARIC code, country of origin, Incoterms and customs data should be requested in RFQs and...
Economic Order Quantity in Procurement: How Buyers Balance Order Quantity, MOQ and Inventory Risk
Economic Order Quantity helps buyers calculate a cost-efficient order quantity, but EOQ is only one input. Learn how operative buyers balance EOQ with MOQ, ABC priority, safety stock, lead time, forecast reliability...
Procurement Processes, Methods and Tools: How PMT Supports Procurement Strategy
In procurement, many problems are not caused by lack of effort. They are caused by missing, unclear, outdated, or poorly connected Processes, Methods and Tools. A buyer may know what needs to be...
Assuring the Right Basic Procurement Knowledge in Your Team
This Tips from LHTS article explains how individuals and procurement teams can use LHTS to build a practical learning path. It also explains when a dedicated procurement training roadmap can be useful...
Selecting an E-Sourcing Tool Provider: Why Adoption Matters More Than the Provider List
In procurement, selecting an e-sourcing tool provider often starts with the wrong question: “Which provider should we choose?” A better question is: “How will we get buyers, stakeholders, and suppliers to actually...