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...

A buyer writing a Service description to a RFQ

RFQ and Service description are a strong pair.

A Request for Quotation (RFQ) is a critical document used by companies to solicit quotes from potential suppliers or vendors for the procurement of goods and services. One of the most important...

Service Description and Statement of Work.

When it comes to defining the scope of work for a project or service, two important documents are often used: Service Description and Statement of Work (SOW). While they share some similarities,...

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...

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 - agree on delivery schedule

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,...

Author: Fredrik Axelsson