Tag: Advanced level

Tag: Advanced level

Explore advanced level procurement topics designed for buyers who have are past the basic level and are ready for more. Dive deep into complex sourcing strategies, supplier risk management, cost optimization techniques, and advanced contract negotiations to enhance procurement departments performance.

All advanced posts are an integrated part of the program Tactical Buyer role – Advanced level Certificate.

Keeping procurement e-auctions simple is crucial

Keeping Procurement e-Auctions Simple

Introduction This blog explores Linus Boman’s insights on auction structures, cost models, and best practices for running effective and credible e-auctions while keeping Procurement e-Auctions simple. Additionally, for procurement professionals looking to establish their...

Procurement Fraud Prevention: Identifying and Combating Corruption in Procurement

Corruption poses a major threat to procurement integrity, as highlighted in the CPI 2024 report from Transparency International. Procurement professionals play a crucial role in procurement fraud prevention and ensuring transparent spending...

AI and Spend Analytics: A New Era for Procurement

Artificial intelligence (AI) is reshaping procurement, particularly in spend classification and spend analysis tools. The recent study AI Meets Spend Classification: A New Frontier in Information Processing by Guida, Caniato, and Moretto (2025) explores...

From Frustration to Mastery: How Should-Cost Analysis and Carve-Back Negotiation Empower Buyers to Regain Control Over Supplier Pricing

If you’re a buyer, this story might feel all too familiar. Year after year, you sit across the negotiation table from your suppliers, hearing familiar justifications for price increases: rising raw material...

Choice of law in purchasing contract

When buyers are creating contracts, one of the most important aspects to consider is the choice of law. The Choice of law in purchasing contract clause determines which jurisdiction’s laws will govern...

Interest Based Negotiation: your first step as a buyer in training.

Interest Based Negotiation, also known as integrative or principled negotiation, represents a paradigm shift in the approach to negotiations. Originating from the Harvard Negotiation Project in the 1980s, it has significantly influenced...

Understanding Supplier Financing Costs: How WACC Impacts Pricing and Payment Terms

In procurement, we often focus on securing the best price and favorable payment terms from suppliers. However, one factor that’s often overlooked is the supplier’s cost of financing. Suppliers face costs associated...

A buyer writing a Service description to a RFQ

RFQ and Service description are a strong pair.

A Request for Quotation (RFQ) is a critical document used by companies to solicit quotes from potential suppliers or vendors for the procurement of goods and services. One of the most important...

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...