From Gross Demand to Net Demand: An Operative Buyer Case at LHTS AB
Learn how gross demand becomes net demand, a purchase requisition and finally a purchase order in this practical operative buyer case at LHTS AB.
Knowledge Base
Find the world of operative procurement and explore the key responsibilities of an operative buyer. The blogposts complement the online courses dedicated to the operative buyer role.
Learn how gross demand becomes net demand, a purchase requisition and finally a purchase order in this practical operative buyer case at LHTS AB.
Learn what an EORI number is, who needs one, how to apply and how operative buyers use it to prevent customs delays in EU import and export flows.
Learn what operative procurement means, what an operative buyer does, and how eight core processes support manufacturing, retail, services and purchase-to-pay.
Learn what an ERP system is, which modules buyers commonly use, and how ERP supports purchase orders, deliveries, inventory and invoice matching.
A Blanket Purchase Order (BPO) is a type of purchase order issued by businesses to vendors that covers multiple delivery schedules over a period.
Economic Order Quantity helps buyers calculate a cost-efficient order quantity, but EOQ is only one input. Learn how operative buyers balance EOQ with MOQ, ABC priority, safety stock, lead time, forecast reliability and inventory risk.
When you are new in a buyer role, supply chain planning language can feel abstract. You hear terms such as lead time, safety stock, MRP, MOQ, S&OP, OTIF, and available-to-promise, but the real question is not only what the terms mean. The real question is: What should a buyer do when these terms appear in daily work? A buyer does not need…
When you start working as a buyer, one of the first challenges is not the sourcing strategy, the negotiation, or the supplier meeting. It is the language. Procurement work is full of abbreviations. In one meeting, someone may talk about a PR, PO, RFQ, MOQ, SLA, KPI, TCO, ERP, and ESG as if everyone already…
How to prepare for a job interview in Procurement. Key Questions Every Procurement Professional Should Ask to assure continuous professional growth.