The Procurement Framework blog at LHTS

Risk Management Practices in Procurement: How to Keep Supplier Risk Under Control

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...

Internal audit support a stronger and more compliant procurement process

Internal Audit in Procurement: How It Supports Compliance, Risk Control and Business Improvement

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.

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.

Indemnification defines who carries supplier-created risk

Indemnification Clause in Procurement: How Buyers Manage Supplier-Created Risk

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...

Collaborative contract review in business setting

Supplier Insurance in Contracts: How Buyers Reduce Commercial Risk Before Something Goes Wrong

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,...