purchase order - The Procurement Framework blog at LHTS

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...

Four-Eye Principle in Procurement: How Buyers Reduce Approval Risk

In this blog post, we will discuss how The Four-Eye principle enhance contract approval as well as the importance of signatories and power of attorney.

Purchase Order Acknowledgment: How Buyers Prevent Order Mistakes and Delivery Problems

In operative procurement, a buyer may send a purchase order and believe the order is under control. But until the supplier has acknowledged the order, there is still uncertainty. These questions matter...

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...

Lead Time in Procurement: How Buyers Prevent Late Deliveries and Planning Problems

Lead time in procurement is more than the time between a purchase order and delivery. Learn how buyers use lead time to prevent late deliveries, control open POs, improve planning, and reduce...

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.

Supplier onboarding chacklist for operative buyer

Supplier Onboarding for Operative Buyers: How to Set Expectations Before Problems Start

Most operative buyers know the feeling of working with a “good” supplier and a “bad” supplier. Some suppliers respond quickly, confirm orders on time, update delivery dates, and understand what the buyer...

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.

Purchase Order for Buyers: Why the Right PO Parameters Prevent Delivery and Invoice Problems

You may be wondering what a purchase order is and how it works? This type of questions will be in one of our courses

A professional buyer explain procure to pay to a teater seated class of future buyers

Procure to Pay Explained: How Buyers Control the Process from Requisition to Supplier Payment

Procure to Pay, often shortened to P2P, is one of the most important processes for an operative buyer to understand. The problem is simple: if the purchase need, purchase order, goods receipt, invoice,...