The Procurement Framework blog at LHTS

Social Sustainability in Procurement: How Buyers Can Move Beyond Audits and Create Real Change

Learn how procurement can support social sustainability by moving beyond audits, managing supplier risks, creating manoeuvring space, and embedding social criteria into the procurement process.

Innovation in Procurement: How Leaders Turn Supplier Ideas into Business Value

Innovation in Procurement: As a senior procurement director, I have seen firsthand the role that innovation can play in driving success in the organization.

How should a buyer collaborate with suppliers to create value — and how should that value be shared fairly?

Supplier collaboration sounds simple in theory. Most buyers agree that better cooperation with suppliers can reduce cost, improve quality, increase innovation, and make the supply chain more resilient. The real problem appears...

Supplier Corrective Action Report in Procurement: How Buyers Stop Supplier Problems from Repeating

When a supplier delivers defective goods, missing documentation, wrong parts, or services that do not meet requirements, the first priority is often to solve the immediate problem. The buyer may need replacement...

Short Lead Times in Procurement provides many advantages

Short Lead-Times in Procurement: How Buyers Reduce Waiting Time Without Increasing Supply Risk

hort lead-times in procurement can create major advantages. They can reduce inventory, improve cash flow, increase responsiveness, and help the organization react faster to customer demand. But short lead-times can also become...