Content in a Statement of Work
A Statement of Work (SOW) is a document that outlines the scope of work, tasks, deliverables, and timelines required to complete a project. It is a critical document used in the procurement...
Author: Fredrik Axelsson
Electronic signatures at procurement
Electronic signatures at procurement have become a common tool for businesses to sign and execute contracts. Electronic signatures (EA) are a secure and legally binding way to sign contracts, which can save...
Procurement changed its sustainability requirements
Over the last few years, the procurement departments have undergone significant changes in terms of sustainability requirements for suppliers. Companies are now looking beyond traditional supplier criteria, such as cost and quality,...
Vendor Managed Inventory and Lead-time
In B2B procurement, managing lead time effectively is crucial for ensuring seamless operations, especially when demand is dynamic and supply chain interruptions can have significant consequences. Lead time refers to the time...
Delivery plan agreement – Forecast and PO in one.
In procurement and supply chain management, a Delivery Plan Agreement (DPA) serves as a tool for efficiently managing inventory and production schedules. It is a contract between a buyer and a supplier,...
Quarterly business review and joint business plan
In a strategic buyer and supplier relation, collaboration and communication are essential for success, and nowhere is this more important than in the Kraljic’s Matrix Strategic Quadrant. A quarterly business review (QBR) is a...
Block 30 min in your schedule for learning
“What if you scheduled 30 min every week to learn something new? At Learn How to Source blog, you can find short blog texts designed to bring knowledge to the reader. The...
Product classification systems available to categorize spend
As procurement professionals, one of our main responsibilities is to manage spend across our organizations effectively. This requires us to categorize spend in a way that is consistent and accurate, which can...
Supplier scorecard – best practice.
Supplier performance is critical to the success of any procurement organization. In order to ensure that suppliers are meeting expectations and delivering the highest level of service possible, many organizations use supplier...
Category strategy Facility Management
When creating a Category strategy Facility management, which is a critical procurement category for many organizations, the strategy encompassing a broad range of services related to building maintenance, security, and support services....