Procurement e-auction tool providers illustrated by an ongoing old school auction

Procurement e-auction tool providers listed

Procurement e-auction tool providers and their solutions have revolutionized the way businesses approach sourcing activities, when using sourcing tactics on the left side of the Kraljic’s matrix. These tools provide an easy...

Add circular economy to your RFQ regarding office furniture

Add circular economy to your RFQ – office furnitures.

The concept of circular economy is gaining traction as people become more conscious of their environmental impact. Businesses have a critical role to play in transitioning to a circular economy by reducing...

illustrating an escrow transaction in a professional buyer setting

Escrow in comparison with Advance Payment Guarantee (APG)

As a procurement professional, understanding the role and function of an escrow in transactions, particularly in complex or high-value procurements, is crucial. Here’s an informative explanation about what escrow is, when it...

The role of third-party witnessing

Understanding the application and execution of Factory Acceptance Tests (FAT) and the role of third-party witnessing is crucial in ensuring the quality and compliance of procured equipment or systems. Here’s an explanation...

What a buyer needs to know about arbitration

What a buyer need to know about arbitration. Well it is one of the most popular methods for resolving disputes between parties.

Termination clauses in procurement contracts

In this blog post, we'll explore some different Termination clauses in procurement contracts which will help buyers.

a seller trying to understand Who takes the Purchasing Decision

Know who own the Purchasing Decision

Who takes the Purchasing Decision: A Dive into Marketing Theory with Philip Kotler, a renowned figure in marketing.

How can a buyer act in monopolistic markets

The blog post “How can a buyer act in monopolistic markets” is inspired by insights from Per-Arne Jonsson, a senior consultant at EFFSO AB. You can find a link to the original...

Sub Project Leader responsible for procurement

Understanding the roles and distinctions between a Project Buyer and a Sub Project Leader responsible for procurement is crucial for effective project management and procurement strategy within an organization. While both positions...

The project buyer role is more advanced that one might think

The project buyer role is more advanced than one might think

The Project Buyer role (PB or PBR) can vary significantly across different organizations and projects, largely influenced by the nature of the items being sourced, the product lifecycle and the structure of...

Tag: Advanced level