The Procurement Framework blog at LHTS

Procurement Operating model illustration

Procurement Operating Model: The Missing Link Between Procurement Strategy, Policy and Daily Buying Work

A procurement operating model explains how procurement works in practice. Learn how it connects strategy, policy, roles, processes, governance, systems and supplier management — and why it should come before changing the...

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....

Procurement Policy: How to Create Clear Buying Rules That Reduce Risk

Without a clear procurement policy, employees may buy in different ways, use different suppliers, skip competition, accept poor contract terms, or create supplier commitments without the right approval. The result can be...

Applying the Principles of Corporate Governance in Procurement

When applying the Principles of Corporate Governance in Procurement transparency, accountability, fairness and ethical behavior is on the agenda.

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!