Learn the importance of compliance in procurement.

Procurement policy a part of buyer training

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....

Internal audit support a stronger and more compliant procurement process

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.

Professional supplier relationships are built on trust, not gifts

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!

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

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...

Procurement manager consider how to assure Procurement compliance

The Pillars of Procurement Compliance

Introduction Procurement compliance serves as a fundamental pillar that upholds the integrity of the procurement process. Compliance can be viewed from two critical perspectives: process compliance, which ensures the selection of suppliers...

Procurement manager troubled because of non-compliance

Understanding Non-Compliance. Stakeholders’ Reluctance

Unraveling the Reasons Behind Stakeholders' Reluctance, This is the second (of three) blogpost about Compliance and Non-Compliance in Procurement.

Man wondering how to create a Compliance Driven Culture

Fostering a Compliance Driven Culture

The Power of Procurement Leadership: Fostering a Compliance Driven Culture and Becoming the Preferred Choice for Stakeholders. In the dynamic world of procurement, effective leadership is instrumental in driving success and making...

Procurement compliance – case study

The case is illustrating the critical importance of procurement compliance through the tale of two suppliers.

The Procurement Framework blog at LHTS

Tag: compliance