Cost out opportunities can take many forms

Cost out. What is good today is not enough tomorrow….

Embarking on a career in procurement offers a dynamic landscape filled with opportunities to drive significant cost savings within the supply chain. Building a robust pipeline of cost out ideas is essential...

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...

Understanding Operative Capital: A Guide for Operative and Tactical Buyers

As an operative or tactical buyer, your role isn’t just about finding the best suppliers or negotiating prices—it’s also about managing a critical financial aspect of procurement: operative capital. This blog post unpacks...

Operative Procurement Processes influenced of what you are buying

Case Study: How the Nature of What You Buy Affects Operative Procurement Processes

As an operative buyer, your main responsibility is managing the procurement of goods and services necessary to ensure the smooth functioning of your organization. This includes everything from manufacturing components to office...

Case Study: Managing Timely Deliveries from a Communication-Challenged Supplier

Introduction to the Operative Buyer Role As an operative buyer, your main responsibility is to ensure that goods and services are procured efficiently to meet your organization’s needs. You oversee day-to-day procurement...

Non Disclosure Agreement (NDA)- part of the sourcing process

The content of a NDA and the structure of a non disclosure agreement (NDA) typically follows a standard format. A non disclosure agreement is a legally binding contract that establishes a confidential...

Supplier portal on company homepage

A company’s homepage is often the first impression that a potential supplier will have of the organization. As such, it is essential that companies use this opportunity to present themselves in the...

Procurement ROI – showing the value provided by procurement

Procurement ROI (Return on Investment) is a critical metric that measures the value that the procurement department delivers to the organization. In this blog post, we will explore what procurement ROI is,...

Procurement changed its sustainability requirements

Over the last few years, the procurement departments have undergone significant changes in terms of sustainability requirements for suppliers. Companies are now looking beyond traditional supplier criteria, such as cost and quality,...

Quarterly business review and joint business plan

In a strategic buyer and supplier relation, collaboration and communication are essential for success, and nowhere is this more important than in the Kraljic’s Matrix Strategic Quadrant. A quarterly business review (QBR) is a...

Tag: Basic level