The Procurement Framework blog at LHTS

Free and Clear Products in Procurement: How Buyers Avoid Ownership Risk

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...

Step 8 Case Study: Contract Management

Introduction In Learn How to Source’s eight‑step framework, Step 8: Contract Management ensures that once a contract is in place, both parties deliver on their promises—and that any necessary changes are handled in...

Case Study: Step 7 – Implementing Contracts and Implement new Supply Chain

Context In the Learn How to Source eight‑step framework, Step 7: Implement New Supply Chain follows contract signing to ensure that what was negotiated on paper translates into reliable, repeatable operations. The complexity...

I failed at contracting. Tips from Stephan Morel

As Procurement Pros, we tend to dislike the contracting phase, often pointing fingers at the Legal team for their perceived slowness and rigidity. In my career, I’ve had to define, negotiate, and...

A future buyer learning the key supply chain terms

Key Supply Chain Terms – want to become a buyer?

Understanding these key supply chain terms forms a foundation for buyers in the beginning of their training.