Knowledge Base
Tactical procurement serves as the engine of a procurement department. It focuses on executing the strategic procurement plan by managing supplier relationships, executing sourcing events and negotiating contracts. Here you find blog pots supporting the tactical buyer role.
“Best Cost Country” (BCC) sourcing is a strategy a category manager can chose, focused on identifying and utilizing countries that offer the optimal mix of cost-efficiency, quality, and innovation for procuring specific goods and services. Unlike traditional low-cost country sourcing, which primarily targets countries with the lowest production costs, BCC sourcing considers a broader set…
Sustainability is becoming an increasingly important consideration for businesses and consumers alike. Companies are recognizing the importance of ensuring that their supply chains are sustainable and environmentally responsible. However, verifying the sustainability of supply chains can be a complex and challenging task. This is where companies like Worldfavor and EcoVadis come in. In this blog…
Scope 3 for buyers, as a professional buyer it is crucial to understand the different scopes of greenhouse gas emissions as defined by the Greenhouse Gas (GHG) Protocol, especially Scope 3, which is relevant to procurement activities. Here’s a breakdown of Scope 1, Scope 2, and Scope 3 emissions, along with their implications for supply…
As the need to tackle climate-related issues arises, so does the responsibility to hold yourself accountable in your procurement decisions. Since this can be a bit of a challenge, you should make it your goal to search for certain eco-certification or eco-label (Sustainability Badge) to save time. Be aware that third-party certifications provide a greater…
The concept of circular economy is gaining traction as people become more conscious of their environmental impact. Businesses have a critical role to play in transitioning to a circular economy by reducing waste, using resources more efficiently, and designing products that can be reused, repaired, or recycled. If you are a buyer looking to integrate…
As a procurement professional, understanding the role and function of an escrow in transactions, particularly in complex or high-value procurements, is crucial. Here’s an informative explanation about what escrow is, when it is used, and its purpose (including a comparison with APG): Escrow (E) refers to a financial arrangement where a third party holds and…
What a buyer need to know about arbitration. Well it is one of the most popular methods for resolving disputes between parties.
In this blog post, we’ll explore some different Termination clauses in procurement contracts which will help buyers.
As a professional buyer, mastering the tools of the trade is essential for success. Among these tools are Request for Quotations (RFQs), Requests for Information (RFIs), and Requests for Proposals (RFPs). Each serves a unique purpose and understanding the distinctions and appropriate uses of each can significantly enhance your procurement strategy. Let us help you…
Introduction to PPQ (Production Part Qualification) Process in Supplier Qualification Ensuring that every component sourced from suppliers meets defined quality standards is paramount. This blog post aims to provide a first introduction to PPQ, the Production Part Qualification process — a critical part of the supplier qualification framework. The PPQ process is a component of…
