Fredrik Axelsson - Page 4 of 27

AI and Spend analysis tools

AI and Spend Analytics: A New Era for Procurement

Artificial intelligence (AI) is reshaping procurement, particularly in spend classification and spend analysis tools. The recent study AI Meets Spend Classification: A New Frontier in Information Processing by Guida, Caniato, and Moretto (2025) explores...

Cost out opportunities can take many forms

Cost out. What is good today is not enough tomorrow….

Embarking on a career in procurement offers a dynamic landscape filled with opportunities to drive significant cost savings within the supply chain. Building a robust pipeline of cost out ideas is essential...

Productivity improvements in procurement

Understanding Productivity in Procurement: A Guide for Professional Buyers

As a professional buyer, you’ve likely encountered the term in various contexts. But what does it truly mean, especially in the realm of procurement? How can you gauge and enhance your suppliers’...

carve-back negotiation

From Frustration to Mastery: How Should-Cost Analysis and Carve-Back Negotiation Empower Buyers to Regain Control Over Supplier Pricing

If you’re a buyer, this story might feel all too familiar. Year after year, you sit across the negotiation table from your suppliers, hearing familiar justifications for price increases: rising raw material...

Supplier portal from a supplier account manger perspective

The Rise of Supplier Portal: Reflections from a Week in Procurement

As an account manager at Learn How to Source (LHTS), I have the privilege of working with businesses across industries, sizes, and geographies. This week brought a fascinating trio of encounters that...

Operative capital explained

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...

Unlocking the Power of Role Definition in ChatGPT for Procurement Tasks

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....

Copyright © All Rights Reserved.

This website uses cookies. By continuing to use this site, you accept our use of cookies. Learn more