supplier management - The Procurement Framework blog at LHTS

How Professional Buyers Can Use ChatGPT in Procurement in 2026

Learn how buyers can use ChatGPT in procurement for RFQs, supplier research, negotiation preparation, contract support, and supplier management — with practical governance and risk guidance.

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.

Business Contingency Planning in Procurement: How Buyers Reduce Supplier Disruption Risk

Business Contingency Planning in procurement helps buyers reduce supplier disruption risk. Learn how BCP connects to RFQ, supplier qualification, contracts, supplier management and procurement policy.

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...

Procurement policy a part of buyer training

How the Procurement Policy Helps the CPO — and What New Buyers Should Learn From It

A procurement policy often fails for one simple reason: management writes it, but buyers and stakeholders do not use it. For a Chief Procurement Officer, the procurement policy is a steering document....

Procurement Policy: How to Create Clear Buying Rules That Reduce Risk

Without a clear procurement policy, employees may buy in different ways, use different suppliers, skip competition, accept poor contract terms, or create supplier commitments without the right approval. The result can be...

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.

Value Management in Procurement: What Value Means and How Buyers Can Calculate It

Procurement professionals often talk about value. A mature procurement organization should create value. A supplier relationship should create value. A digital procurement project should create value. A sourcing project should create value...

Chief Procurement Officer Agenda: What a CPO Should Prioritize

In procurement, the Chief Procurement Officer is not only responsible for purchasing performance. The CPO is responsible for making sure procurement helps the business solve important problems: controlling cost, securing supply, managing...

Supplier Responsibility Transfer: How Operative Buyers Take Over a New Supplier Range Without Losing Control

Taking over a new commodity, supplier range, or group of purchase parts can look simple from the outside. The responsibility is moved from one buyer to another, contact names are updated in...