Knowledge Base
Under the tag Procurement KPI you will find blogposts about key measures described in a way students training to become buyers,
find relevant. Learn what to measure, how to measure and the planned outcome. Learn about different maturity levels since success is unlikely if you do not implement KPIs step wise.
Welcome to Learn How to Source.
Can investments in procurement show a measurable return? Yes—but only when procurement clearly defines the investment, establishes a credible baseline, separates realised savings from cost avoidance and validates the result with Finance. This article explains how to calculate procurement ROI and use it responsibly.
Learn what supplier partnership means in procurement, when to use it, and how to build strategic supplier relationships through SRM, trust, competence, joint business planning, and supplier development.
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 terms mean. The real question is: What should a buyer do when these terms appear in daily work? A buyer does not need…
Business intelligence (BI) is a powerful tool. In this blog post, we will explore how BI capabilities can support procurement and procurement KPIs.
How to Strike the Perfect Balance; Process Control and Cost of Quality in Procurement Supplier Management.
A Service Level Agreement (SLA) is a document that outlines the agreed-upon level of service between a service provider and its customers.
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 dangerous if they are forced onto suppliers without understanding capacity, planning, logistics, quality requirements, or risk. The real procurement problem is not only…
Introduction to the Operative Buyer Role As an operative buyer, your main responsibility is to ensure that goods and services are procured efficiently to meet your organization’s needs. You oversee day-to-day procurement processes, ensuring that orders are placed, timely deliveries, and the flow of materials into the organization is smooth. But what happens when a…
