The Procurement Framework blog at LHTS

Short Lead Times in Procurement provides many advantages

Short Lead-Times in Procurement: How Buyers Reduce Waiting Time Without Increasing Supply Risk

hort lead-times in procurement can create major advantages. They can reduce inventory, improve cash flow, increase responsiveness, and help the organization react faster to customer demand. But short lead-times can also become...

a business woman reading the Ultimate Guide to Procurement Titles

Procurement Titles: How to Choose the Right Roles for a Procurement Organization

Procurement titles can easily become confusing. One company may use the title Buyer, another may use Purchasing Agent, and a third may use Procurement Specialist for almost the same responsibility. At the same time, titles such...

cozy and supportive atmosphere highlights their mentor mentee relationship as part of Talent development in procurement

Talent Development in Procurement: How Managers Build Future-Ready Teams

In this blog post, we will explore the importance of talent development in procurement from senior directors perspective.

Procurement E-Auctions: Why Buyers Hesitate and How to Use Them Correctly

I recently had the pleasure of speaking with Pierre Broenner expert in procurement e-Auctions. We discussed why e-Auctions haven't fully caught on yet.

Add Your LHTS Certificate to LinkedIn and Make Procurement Learning Visible

Add Your LHTS Certificate to LinkedIn: Make Procurement Learning Visible

How to add a Learn How to Source Certificate to your LinkedIn Profile.

Purchasing General Terms and Conditions: How Buyers Reduce Contract Risk

It is hard to overestimate the criticality of crafting effective Purchasing General Terms and Conditions (GTCs).

Procurement Analyst Role: Turning Procurement Data into Better Decisions

A Procurement analyst role explained. Support the operative, tactical and manager roles with price-, demand-, cost- and market data.

Buyer Skills in Procurement: Complementary Skills Beyond Procurement Training

There are several essential skills for buyers that we do not cover in our training programs since they are not unique for the buyer community.

How to Organize the Procurement Function: Roles, Structure, and 10 Practical Principles

How to organize the Procurement function? Well, there is of course not one single solution. Many different factors influence. Can we create a generic variant?

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...