Procurement Compliance: Five Pillars Buyers Need
Understand procurement compliance and the five pillars that protect supplier selection, sourcing decisions, contracts, approvals, ethics, and business value.
Knowledge Base
Tag: Basic level
Gain foundational procurement knowledge tailored for beginners. Learn key procurement concepts, terminology, and processes to build a strong understanding of sourcing, supplier management, and contract negotiation in the early stages of your career. These post support the introduction and basic level courses.
All basic level posts are an integrated part of the program: LHTS 10 week Basic Procurement training and the connected Certificate.
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Procurement Stakeholder Management: How to Identify and Engage Key Stakeholders
Procurement Stakeholder Management: How to Identify and Engage Key Stakeholders
Category manager to focus on the following top 10 activities
Learn the 10 key activities a category manager should focus on in procurement, from spend analysis and market research to category strategy, stakeholder engagement, supplier management, and performance follow-up.
Messages to Suppliers in Procurement: A Basic Guide for Operative Buyers
Learn what messages operative buyers send to suppliers, from purchase orders and acknowledgements to expediting, delivery changes, invoice issues, and performance follow-up.
Contracts in Sourcing Process: A Basic Guide for Buyers
Many junior buyers think about contracts too late. They prepare the RFQ, collect supplier quotations, compare prices, select the preferred supplier, and only then start looking at the contract. This often creates delays, frustration, legal discussions, supplier resistance, and sometimes a weaker agreement than expected. A better approach is to think about the contract already…
Technical Specification for Buyers: How to Define What You Want to Buy
Learn how buyers use Technical Specifications in RFQs, how they differ from Statements of Work and Service Descriptions, and how to write clear procurement requirements.
Google Alerts for Procurement: Know Your Suppliers and Stay Informed About Your Market
Learn how Tactical buyers and Category Managers can use Google Alerts to monitor suppliers, markets, risks, and sourcing opportunities in procurement.
ECCN, AL and HS Codes in Procurement: RFQ Data Buyers Need for Export Control and Customs Cost
Buyers need more than unit price when sourcing internationally. Learn why ECCN, EU dual-use classification, HS code, CN/TARIC code, country of origin, Incoterms and customs data should be requested in RFQs and price lists.
Economic Order Quantity in Procurement: How Buyers Balance Order Quantity, MOQ and Inventory Risk
Economic Order Quantity helps buyers calculate a cost-efficient order quantity, but EOQ is only one input. Learn how operative buyers balance EOQ with MOQ, ABC priority, safety stock, lead time, forecast reliability and inventory risk.
Require Suppliers to Be ISO 9001 Certified? A Procurement Guide
A tactical buyer may need to select a supplier for a component, product, service, or production process where poor quality can create delivery problems, customer complaints, rework, warranty cost, safety issues, or business disruption. One common way to reduce this risk is to ask whether the supplier is ISO 9001 certified.