The Procurement Framework blog at LHTS

Supplier Code of Conduct: From Policy to Supplier Compliance

Having a Supplier Code of Conduct is no longer unusual. For many companies, it is expected. Customers, owners, regulators, employees, and business partners increasingly expect companies to know how suppliers behave in...

Chief Procurement Officer Agenda: What a CPO Should Prioritize

In procurement, the Chief Procurement Officer is not only responsible for purchasing performance. The CPO is responsible for making sure procurement helps the business solve important problems: controlling cost, securing supply, managing...

Four-Eye Principle in Procurement: How Buyers Reduce Approval Risk

In this blog post, we will discuss how The Four-Eye principle enhance contract approval as well as the importance of signatories and power of attorney.

Innovation in Procurement: How Leaders Turn Supplier Ideas into Business Value

Innovation in Procurement: As a senior procurement director, I have seen firsthand the role that innovation can play in driving success in the organization.

AR during a remote Factory Acceptance Test

Augmented Reality in Procurement: Practical AR Use Cases for Buyers

Indemnification defines who carries supplier-created risk

Indemnification Clause in Procurement: How Buyers Manage Supplier-Created Risk

A buyer may believe that risk belongs to the supplier because the supplier created the product, delivered the service, selected the technology, or used the subcontractor. But the situation is not always...

Collaborative contract review in business setting

Supplier Insurance in Contracts: How Buyers Reduce Commercial Risk Before Something Goes Wrong

A supplier can have a good price, a strong technical offer, and a signed contract. But what happens if the supplier causes property damage, delivers a defective product, makes a professional error,...

Supplier onboarding chacklist for operative buyer

Supplier Onboarding for Operative Buyers: How to Set Expectations Before Problems Start

Most operative buyers know the feeling of working with a “good” supplier and a “bad” supplier. Some suppliers respond quickly, confirm orders on time, update delivery dates, and understand what the buyer...