The Procurement Framework blog at LHTS

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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.

Financial Transactions in Procurement: How Buyers Avoid Payment and Invoice Problems

  • Fredrik Axelsson
  • 2026-04-19
  • Operative procurement
As a professional buyer, understanding the financial transactions in Procurement is crucial for maintaining healthy business relationships.
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Students working on the sourcing case

Sourcing Case: 2,000 Laptops in One RFQ

  • Fredrik Axelsson
  • 2026-04-19
  • Cases
Sourcing case: You're tasked with executing a strategic initiative to source 2,000 laptops in a single procurement effort for the company.
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TEU in Procurement: What Buyers Need to Know Before Requesting Container Freight Quotes

  • Fredrik Axelsson
  • 2026-04-19
  • Operative procurement
What buyer needs to know about TEU - a basic level introduction to the basics. Size, examples how much it holds, cost break down and more.
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Sustainable Procurement Is a Team Sport: How Buyers Build Shared Ownership

Sustainable Procurement Is a Team Sport: How Buyers Build Shared Ownership

  • Fredrik Axelsson
  • 2026-04-19
  • Tips from LHTS
Do you need a team to lead your sustainability ambitions? Receive a step-by-step roadmap for launching a green team. You know; Sustainability is a team sport.
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Cost based and Value based pricing

Cost-Based and Value-Based Pricing in Procurement: How Buyers Understand Supplier Price Logic

  • Fredrik Axelsson
  • 2026-04-19
  • Tactical procurement
Cost based and Value based pricing are very present in Sales and Procurement departments day to day work. The blogpost explain the basics.
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Free and Clear Products in Procurement: How Buyers Avoid Ownership Risk

  • Fredrik Axelsson
  • 2026-04-19
  • Tactical procurement
A buyer may believe that the purchase is complete when the goods are delivered and the invoice is paid. But what if another party still has a legal or financial claim to...
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a buyer in Stockholm being identified having conflict of interest and about to be collected by guards

Conflict of Interest in Procurement: How Buyers Protect Fair Decisions

  • Fredrik Axelsson
  • 2026-04-18
  • Procurement management
Procurement decisions must be fair, objective, and based on business value. But what happens if a buyer has a personal relationship with a supplier? What if a procurement manager owns shares in...
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Purchasing General Terms and Conditions: How Buyers Reduce Contract Risk

  • Fredrik Axelsson
  • 2026-04-18
  • Tactical procurement
It is hard to overestimate the criticality of crafting effective Purchasing General Terms and Conditions (GTCs).
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Buyer Skills in Procurement: Complementary Skills Beyond Procurement Training

  • Fredrik Axelsson
  • 2026-04-18
  • Tips from LHTS
There are several essential skills for buyers that we do not cover in our training programs since they are not unique for the buyer community.
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EUR Pallet in Procurement: What Buyers Need to Know

  • Fredrik Axelsson
  • 2026-04-17
  • Operative procurement
EUR pallet (Euro pallets) are a key component in the logistics and transportation industry, widely used and recognized for their standard size and more.
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