Understanding Operative Capital: A Guide for Operative and Tactical Buyers

As an operative or tactical buyer, your role isn’t just about finding the best suppliers or negotiating prices—it’s also about managing a critical financial aspect of procurement: operative capital. This blog post unpacks...

OECD due diligence for responsible business conduct

Understanding OECD Guidelines for Responsible Sourcing: A Guide for Buyers

In a global marketplace, responsible sourcing is more than just a “nice-to-have”; it’s essential. As a buyer in training, you might hear about the importance of ethical procurement, sustainability, and compliance, but...

Power of Role Definition in ChatGPT for Procurement Tasks

In any modern office, harnessing AI effectively is a game-changer and as a procurement manager, buyer, or team member, leveraging ChatGPT for specific tasks can bring tremendous efficiency, but a key ingredient...

transforming a technical specification to checklist

How ChatGPT Can Transform Technical Specifications into Easy-to-Use Checklists to Enhance Buyer Productivity

In the fast-paced world of procurement, efficiency is critical. Buyers are constantly juggling tasks, from managing relationships with suppliers to sending out requests for quotations (RFQs) and ensuring that products meet specifications....

Case Study: Using the Expediting List to Resolve Delayed Deliveries in Manufacturing

Background: ABC Electronics is a mid-sized company that produces custom-made electronic components for industrial clients. They rely heavily on timely delivery of specific materials, such as specialized circuit boards, which are sourced...

EDI in Different Industries: Applications, Benefits, and Best Practices for Professional Procurement Departments

Electronic Data Interchange (EDI) is one of many cornerstones of efficient procurement operations in various industries. EDI enables the seamless, computer-to-computer exchange of business documents between partners, providing a standardized format for...

Author: Fredrik Axelsson

Understanding Operative Capital: A Guide for Operative and Tactical Buyers

Understanding OECD Guidelines for Responsible Sourcing: A Guide for Buyers

Power of Role Definition in ChatGPT for Procurement Tasks

How ChatGPT Can Transform Technical Specifications into Easy-to-Use Checklists to Enhance Buyer Productivity

Case Study: Using the Expediting List to Resolve Delayed Deliveries in Manufacturing

EDI in Different Industries: Applications, Benefits, and Best Practices for Professional Procurement Departments

Case Study: Claiming Liquidated Damages for Late Deliveries

Comparative Case Study: Understanding Lead-Time Requirements in Procurement Across Different Operations

Case Study: How the Nature of What You Buy Affects Operative Procurement Processes

About LHTS Blog