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

In procurement, the lead-time requirement for products or services from suppliers can vary significantly based on a company’s operational model, the industry it operates in, and how it competes in the market....

Operative Procurement Processes influenced of what you are buying

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

As an operative buyer, your main responsibility is managing the procurement of goods and services necessary to ensure the smooth functioning of your organization. This includes everything from manufacturing components to office...

Case Study: Managing Timely Deliveries from a Communication-Challenged Supplier

Introduction to the Operative Buyer Role As an operative buyer, your main responsibility is to ensure that goods and services are procured efficiently to meet your organization’s needs. You oversee day-to-day procurement...

Non Disclosure Agreement (NDA)- part of the sourcing process

The content of a NDA and the structure of a non disclosure agreement (NDA) typically follows a standard format. A non disclosure agreement is a legally binding contract that establishes a confidential...

Choice of law in purchasing contract

When buyers are creating contracts, one of the most important aspects to consider is the choice of law. The Choice of law in purchasing contract clause determines which jurisdiction’s laws will govern...

Interest Based Negotiation: your first step as a buyer in training.

Interest Based Negotiation, also known as integrative or principled negotiation, represents a paradigm shift in the approach to negotiations. Originating from the Harvard Negotiation Project in the 1980s, it has significantly influenced...

Procurement courses – online or onsite?

Procurement is a critical function in every organization, ensuring that goods and services are acquired at the best possible prices, delivered on time, and meet the organization’s needs. The importance of procurement...

Supplier portal on company homepage

A company’s homepage is often the first impression that a potential supplier will have of the organization. As such, it is essential that companies use this opportunity to present themselves in the...

Procurement ROI – showing the value provided by procurement

Procurement ROI (Return on Investment) is a critical metric that measures the value that the procurement department delivers to the organization. In this blog post, we will explore what procurement ROI is,...

Understanding Supplier Financing Costs: How WACC Impacts Pricing and Payment Terms

In procurement, we often focus on securing the best price and favorable payment terms from suppliers. However, one factor that’s often overlooked is the supplier’s cost of financing. Suppliers face costs associated...

Author: Fredrik Axelsson