Tactical procurement -

buyer using Augmented Reality during a Factory Acceptance Test

Augmented Reality in Procurement

In the landscape of procurement and supply chain management, technology continues to push the boundaries of how businesses operate and collaborate. One such technological advancement that promises to transform traditional procurement processes...

procurement director is using a stop sign to block non-sustainable suppliers by verifying the sustainability of supply chains

Verifying the sustainability of supply chains

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...

Scope 3 for buyers explained by your professional buyer

Scope 3 for buyers – basics needed to know

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...

Eco-label for buyers

Eco-label for buyers – the basics you need to know

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...

a Non-disclosure agreement recently signed

Non-disclosure agreement for buyers

Non-disclosure agreement (NDA) is a legal contract that protect confidential information from being shared with third parties. NDAs are commonly used in business settings to protect trade secrets, intellectual property, and other...

Add circular economy to your RFQ regarding office furniture

Add circular economy to your RFQ – office furnitures.

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...

illustrating an escrow transaction in a professional buyer setting

Escrow in comparison with Advance Payment Guarantee (APG)

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...

The role of third-party witnessing in action during a factory acceptance test

The role of third-party witnessing

Understanding the application and execution of Factory Acceptance Tests (FAT) and the role of third-party witnessing is crucial in ensuring the quality and compliance of procured equipment or systems. Here’s an explanation...

What a buyer needs to know about arbitration illustrated by formal setting with arbitrators and a lawyer

What a buyer needs to know about arbitration

What a buyer need to know about arbitration. Well it is one of the most popular methods for resolving disputes between parties.

Termination clauses in procurement contracts senior manager signing a termination notice of a procurement contract

Termination clauses in procurement contracts

In this blog post, we'll explore some different Termination clauses in procurement contracts which will help buyers.

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