Strategic SRM Software tools

Integrating SRM Software into Strategic, Tactical, and Operational Procurement. This blogpost is part of the Know You Suppliers course. Strong Supplier Relationship Management (SRM) transforms procurement by moving beyond transactional tasks to...

By having effective supplier monitoring tools she can mitigate risks before the grow unmanageable

Beyond Google Alerts: Modern Supplier Intelligence Tools (2025 Guide)

Procurement teams today need real-time, multi-channel monitoring of supplier news and risks, not just basic Google Alerts. Simple keyword alerts can miss critical updates (e.g. new lawsuits, leadership changes, or cyber incidents). In 2025,...

Understanding the Operative Procurement Function (Van Weele’s Model in Practice)

Operative procurement is the engine of day-to-day purchasing in any organization. It deals with converting purchase requests into orders, getting goods and services delivered on time, and ensuring payments are handled correctly....

Step 8 Case Study: Contract Management

Introduction In Learn How to Source’s eight‑step framework, Step 8: Contract Management ensures that once a contract is in place, both parties deliver on their promises—and that any necessary changes are handled in...

Case Study: Step 7 – Implementing Contracts and Implement new Supply Chain

Context In the Learn How to Source eight‑step framework, Step 7: Implement New Supply Chain follows contract signing to ensure that what was negotiated on paper translates into reliable, repeatable operations. The complexity...

BATNA supporting your negotiation position

Case Study: Using BATNA in Supplier Negotiations for Component Sourcing

Introduction: The Negotiation and Contracting Stage in Sourcing In sourcing events, Step 6 – Negotiation and Contracting – is where a buyer finalizes terms with suppliers after soliciting and evaluating bids (Learn...

How AI Is Transforming Negotiation and Contracting (Step 6) in Strategic Sourcing

Step 6 of the standard sourcing process—sending RFQs, negotiating terms, and contracting—can be radically enhanced through AI-powered chatbots and analytics platforms. Below, we explore key insights from a pioneering study on generative AI...

Bid evaluation models

Introduction Preparing a Request for Quotation (RFQ) and its evaluation approach is a pivotal step in the sourcing process. The way buyers evaluate supplier offers (Step 5 of the sourcing process) can...

Case Study: Preparing RFQ Documents in the Sourcing Process

Background In the sourcing process, the preparation of Request for Quotation (RFQ) documents is a step that directly influences the success of procurement activities. A RFQ is a formal document that invites...

Price model in procurement

In procurement, what you buy is only half the story. How you pay for it, the price model shape cost, value, supplier behavior, and risk. Whether you’re sourcing cleaning services, software development, or...

Author: Fredrik Axelsson