sourcing process - The Procurement Framework blog at LHTS

Google Alerts for Procurement: Know Your Suppliers and Stay Informed About Your Market

Learn how Tactical buyers and Category Managers can use Google Alerts to monitor suppliers, markets, risks, and sourcing opportunities in procurement.

Who Takes the Purchasing Decision? A Basic Guide to Stakeholders in Procurement

Who takes the Purchasing Decision: A Dive into Marketing Theory with Philip Kotler, a renowned figure in marketing.

How do I learn to negotiate as a professional buyer

In procurement, many buyers discover the need for negotiation the hard way. A supplier increases the price.A delivery date is missed.A quotation is higher than expected.A stakeholder wants a fast decision.A supplier...

Negotiation Tips for Buyers: How to Use Bracketing and Small Price Steps

Many buyers enter supplier negotiations with a clear target but lose control once the supplier starts moving the discussion. A supplier may anchor high, reduce the price in large steps, or push...

Non-Disclosure Agreement for Buyers: When to Use an NDA in Procurement

In Procurement, confidential information is often shared before a supplier relationship is fully established. A buyer may need to send drawings, specifications, forecasts, product ideas, pricing assumptions, technical data, or business plans...

Buyer working with contract clauses gross misconduct and negligence

Gross Misconduct and Negligence in Procurement Contracts: What Buyers Need to Know

Gross Misconduct is a severe breach of duty or unethical behavior that significantly violates the fundamental terms of a contract

Sourcing Case: 2,000 Laptops in One RFQ

Sourcing case: You're tasked with executing a strategic initiative to source 2,000 laptops in a single procurement effort for the company.

Procurement Analyst Role: Turning Procurement Data into Better Decisions

A Procurement analyst role explained. Support the operative, tactical and manager roles with price-, demand-, cost- and market data.

General sourcing process and assessing current situation in step 2

Student Briefing – Sourcing Case Simulation: Step 2 – Assessing the Current Situation

🎯 Welcome to the Sourcing Simulation You are about to step into the shoes of a procurement professional preparing for a real-world sourcing event. Your task is to analyze the current situation for a specific category within...

business discussion inspired by Porter Competitive Model in a modern Nordic office environment

Porter Competitive Model in the sourcing process

Procurement professionals are tasked with finding the best suppliers for their organization. In order to do so, they must analyze the supplier market and develop sourcing tactics that will give their organization...