The Procurement Framework blog at LHTS

Supplier portal from a supplier account manger perspective

The Rise of Supplier Portal: Reflections from a Week in Procurement

As an account manager at Learn How to Source (LHTS), I have the privilege of working with businesses across industries, sizes, and geographies. This week brought a fascinating trio of encounters that...

OECD due diligence for responsible business conduct

Understanding OECD Guidelines for Responsible Sourcing: A Guide for Buyers

In a global marketplace, responsible sourcing is more than just a “nice-to-have”; it’s essential. As a buyer in training, you might hear about the importance of ethical procurement, sustainability, and compliance, but...

EDI in Different Industries: Applications, Benefits, and Best Practices for Professional Procurement Departments

Electronic Data Interchange (EDI) is one of many cornerstones of efficient procurement operations in various industries. EDI enables the seamless, computer-to-computer exchange of business documents between partners, providing a standardized format for...

Service Description and Statement of Work.

When it comes to defining the scope of work for a project or service, two important documents are often used: Service Description and Statement of Work (SOW). While they share some similarities,...

Content in a Statement of Work

A Statement of Work (SOW) is a document that outlines the scope of work, tasks, deliverables, and timelines required to complete a project. It is a critical document used in the procurement...

Electronic signatures at procurement

Electronic signatures at procurement have become a common tool for businesses to sign and execute contracts. Electronic signatures (EA) are a secure and legally binding way to sign contracts, which can save...

Swot method supporting a category strategy

SWOT Method Enhance Procurement Category Strategy

By utilizing the SWOT Method to Enhance Procurement Category Strategy you get a better understanding about your Category’s road ahead. Learn how to use the SWOT method as a critical part of...

Procurement and web crawlers – introduction

Web crawlers, sometimes known as spiders or bots, are automated programs that scan and collect information from websites across the internet. They do this by following links between pages, taking note of...

My first encounter with e-auctions

“As a procurement executive who has been working in the industry for over 20 years, I vividly remember my first encounter with e-auctions. It was in the early 2000s, and I was...

Category Strategy for Stationeries in the US Market

This category strategy for stationeries in the US market outlines the procurement approach. The strategy includes a spend analysis, a wanted position, a market analysis, a SWOT analysis, and an action plan....