Knowledge Base
In procurement, the Project Buyer role is often underestimated. Some people see it as a temporary buying role connected to one project. In reality, a Project Buyer can have a major impact on cost, timing, supplier selection, quality, technical solutions, contract setup and project risk. A Project Buyer works where procurement, project management, engineering, operations…
A supplier may first look stable, but later show signs of capacity constraints, financial pressure, quality issues, weak delivery performance, technical limitations, compliance gaps, or dependency on fragile sub-suppliers. For a procurement manager, the challenge is not only to react when something goes wrong. The challenge is to keep track of supply chain risk in a structured way before the risk becomes a business problem.
Internal audit in procurement is more than a control function. It helps procurement departments comply with policy and legal requirements while improving processes, risk management, accountability, and business performance.
When applying the Principles of Corporate Governance in Procurement transparency, accountability, fairness and ethical behavior is on the agenda.
A buyer may believe that risk belongs to the supplier because the supplier created the product, delivered the service, selected the technology, or used the subcontractor. But the situation is not always that simple. If a supplier delivers a product that infringes a third party’s intellectual property rights, the third party may still bring a…
A supplier can have a good price, a strong technical offer, and a signed contract. But what happens if the supplier causes property damage, delivers a defective product, makes a professional error, injures someone on site, loses sensitive data, or uses an uninsured subcontractor? This is where many procurement problems become visible too late. The…
