Raw Material Indexes in Procurement: How Buyers Challenge Price Increases

In this blog post, we'll explore some key raw material indexes that procurement professionals should follow to optimize their strategies.

Counterfeit Components in Procurement: How Buyers Protect the Supply Chain

Counterfeit components are a growing concern. It's essential for companies to have a counterfeit components clause in a procurement contract.

How Procurement Supports Company Strategy Through the Supplier Base

Leadership within the Procurement Function: Building Capability focusing on Category Management, PMT, and Organization & Roles

Trade Agreements in Procurement: How Buyers Avoid Hidden Landed Cost

International business is very much dependant on the conditions in different trade agreements. Do you know the most relevant ones?

How Buyers Manage Engineering Change in Procurement

Want to learn more about Managing Engineering change? Visit our blog and try Real Life Buyer course.

How AI Is Changing Buyer–Supplier Negotiations: Insights from a New Study

Source: Brave New Procurement Deals: An Experimental Study of How Generative Artificial Intelligence Reshapes Buyer–Supplier Negotiations (2025)https://www.sciencedirect.com/science/article/pii/S1478409225000214 Artificial intelligence is no longer just a support tool in procurement—it is stepping into the negotiation room....

Change management in procurement

Being a category manager is 10 % analytics and 90 % persuasion. You can build a advanced well thought-out strategy, a bullet‑proof cost model, but if engineering ignores the dual‑source policy, or if suppliers...

What AI Means for Contract Writing & Legal Support in Procurement

AI has crossed the experimental phase in contract lifecycle management (CLM). Gartner projects that 50 % of all procurement contract writing tasks will be AI‑enabled by 2027 , while World Commerce & Contracting sees AI adoption as...

Creating usable spend data

Procurement teams are under pressure to optimize costs, improve supplier performance, and ensure compliance. Central to meeting these objectives is spend analysis, a systematic approach for evaluating an organization’s historical expenditure data. Equally...

Case: Designing an E-Sourcing Event with AI Support

This case illustrates how students can create an E-sourcing event and leverage an e-sourcing platform (e.g., Market Dojo) in combination with AI (such as ChatGPT) to plan and execute a complete sourcing...

The Procurement Framework blog at LHTS

Tag: Advanced level