The Procurement Framework blog at LHTS

EoQ and other parameters when deciding how much to order

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...

Material Requirements Planning in Procurement: How Operative Buyers Use MRP Signals

A core component of ERP systems is Material Requirements Planning (MRP), which ensures that the right materials are available at the right time for production.

Where used function and Bill of material (BOM)

Where-Used Function in Procurement: How Buyers Use BOM Data to Understand Impact

One of the critical functions of ERP software is the Where Used function (collection BOM) for buyers, which helps buyers understand product data and inventory.