Should You Pay Suppliers on Time? Why Payment Terms and Delivery Performance Must Not Be Mixed

Should buyers pay suppliers on time if suppliers deliver late? Learn why payment terms, delivery dates, and liquidated damages are different contract questions in procurement.

Supply Chain Planning Terms for Buyers: 20 Terms Explained Through Real Purchasing Problems

When you are new in a buyer role, supply chain planning language can feel abstract. You hear terms such as lead time, safety stock, MRP, MOQ, S&OP, OTIF, and available-to-promise, but the real question is not only what the...

Supplier collaboration and forecasting process infographic

Sending Forecasts to Suppliers: How Operative Buyers Improve Delivery Reliability

In operative procurement, many delivery problems start before the purchase order is even sent. The supplier may not have enough material, production capacity, labor, or transport availability because the buyer has not...

Expediting in Procurement: How Operative Buyers Prevent Delivery Problems

But what happens when you're saddled with a supplier known for poor delivery performance? Enter the world of expediting and learn The Power of Expediting.

Short Lead Times in Procurement provides many advantages

Short Lead-Times in Procurement: How Buyers Reduce Waiting Time Without Increasing Supply Risk

hort lead-times in procurement can create major advantages. They can reduce inventory, improve cash flow, increase responsiveness, and help the organization react faster to customer demand. But short lead-times can also become...

Understanding Operative Capital: A Guide for Operative and Tactical Buyers

As an operative or tactical buyer, your role isn’t just about finding the best suppliers or negotiating prices—it’s also about managing a critical financial aspect of procurement: operative capital. This blog post unpacks...

Comparative Case Study: Understanding Lead-Time Requirements in Procurement Across Different Operations

In procurement, the lead-time requirement for products or services from suppliers can vary significantly based on a company’s operational model, the industry it operates in, and how it competes in the market....

The Procurement Framework blog at LHTS

Tag: lead time