Problem Solving in Procurement: A Professional Skill for Buyers

Problem solving is one of the most essential, and underestimated, competencies in procurement. While negotiation and supplier management often receive the spotlight, the reality is that procurement professionals spend a significant part...

Conflict Management in Procurement: A Deep Dive for Buyers in Training

Conflict is an unavoidable part of professional life, but within procurement it is not merely common, it is structural. Every day, procurement professionals navigate conflicting priorities, pressure-filled timelines, risk trade-offs, supplier constraints, internal...

Coffee, Calendars & Consensus – A Procurement Story About Making Sourcing Board Work

Editors note: Get the Sourcing Process at Learn How to Source Online course. Monday Morning, 07:12 – Stockholm I’m balancing a latte in one hand and a stack of print‑outs in the...

RFQ Template – get a best practice AI generated RFQ letter in 5 minutes

Creating a winning RFQ isn’t just about filling in fields—it’s about structuring clarity, fairness, and efficiency while “selling the RFQ” to your suppliers. A well‑constructed RFQ template is the foundation of this process. Try...

How AI Is Transforming Negotiation and Contracting (Step 6) in Strategic Sourcing

Step 6 of the standard sourcing process—sending RFQs, negotiating terms, and contracting—can be radically enhanced through AI-powered chatbots and analytics platforms. Below, we explore key insights from a pioneering study on generative AI...

Bid evaluation models

Introduction Preparing a Request for Quotation (RFQ) and its evaluation approach is a pivotal step in the sourcing process. The way buyers evaluate supplier offers (Step 5 of the sourcing process) can...

Price model in procurement

In procurement, what you buy is only half the story. How you pay for it, the price model shape cost, value, supplier behavior, and risk. Whether you’re sourcing cleaning services, software development, or...

Guide to Clear and Persuasive Procurement Report Writing

Understanding Your Audience and Purpose Effective persuasive procurement report writing begin with a deep understanding of the audience and the report’s objective. An internal procurement or sourcing report might be read by...

Keeping Procurement e-Auctions Simple

Introduction This blog explores Linus Boman’s insights on auction structures, cost models, and best practices for running effective and credible e-auctions while keeping Procurement e-Auctions simple. Additionally, for procurement professionals looking to establish their...

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...

Procurement blog - LHTS

Category: Tactical procurement