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 illustration

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 HS should be part of RFQ illustration

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...

EoQ and other parameters when deciding how much to order

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 They are caused by missing, unclear, outdated, or poorly connected Processes, Methods and Tools.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...

Procurement Transformation: Moving Up the Procurement Maturity Ladder

This article explains procurement transformation from an advanced procurement-management perspective. It connects Stéphane Morel’s practical transformation insights with procurement maturity thinking, including the maturity ladder often associated with Van Weele’s development of...

Require Suppliers to Be ISO 9001 Certified? A Procurement Guide

A tactical buyer may need to select a supplier for a component, product, service, or production process where poor quality can create delivery problems, customer complaints, rework, warranty cost, safety issues, or...