EORI Number for Buyers: What It Is, Who Needs It and How to Use It
Learn what an EORI number is, who needs one, how to apply and how operative buyers use it to prevent customs delays in EU import and export flows.
Knowledge Base
Tag: compliance
Learn the importance of compliance in procurement. Understand how to ensure adherence to legal, ethical, and regulatory standards in sourcing processes, contract management, and supplier relations to minimize risks and safeguard your organization.
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Electronic Signatures in Procurement: A Buyer’s Guide
Learn how procurement teams can use electronic signatures, verify signing authority, select the right assurance level, and protect contract evidence.
Procurement Non-Compliance: Why Stakeholders Bypass Procurement Processes
Learn why stakeholders bypass procurement processes, how to distinguish different causes of non-compliance, and how procurement managers should diagnose deviations
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.
Supplier Portal from the Supplier Side: 3 Practical Reflections from LHTS
Learn what supplier portals look like from the supplier side through three practical LHTS examples covering onboarding, compliance, master data, and supplier registration.
Procurement Fraud Prevention: How Buyers Can Identify and Reduce Fraud Risk
Procurement fraud prevention is not only a compliance task. It is a practical buyer responsibility that protects company money, supplier competition and trust in the procurement process. Fraud risk can appear when specifications are written, suppliers are invited, tenders are evaluated, contracts are changed, invoices are approved or supplier performance is accepted without proper control.…
How the Procurement Policy Helps the CPO — and What New Buyers Should Learn From It
A procurement policy often fails for one simple reason: management writes it, but buyers and stakeholders do not use it. For a Chief Procurement Officer, the procurement policy is a steering document. It defines how procurement should guide spend, protect the organization, manage supplier risk, support compliance, and create one common way of buying. For…
Internal Audit in Procurement: How It Supports Compliance, Risk Control and Business Improvement
Internal audit in procurement is more than a control function. It helps procurement departments comply with policy and legal requirements while improving processes, risk management, accountability, and business performance.
Four-Eye Principle in Procurement: How Buyers Reduce Approval Risk
In this blog post, we will discuss how The Four-Eye principle enhance contract approval as well as the importance of signatories and power of attorney.
No Gifts Allowed in Procurement: How Buyers Avoid Supplier Influence and Conflicts of Interest
In the 1990s, I was a procurement executive. Back then, it was common for suppliers to provide gifts. now we shift towards ethical standards. No gifts allowed!