Should You Pay Suppliers on Time? Why Payment Terms and Delivery Performance Must Not Be Mixed

Should buyers pay suppliers on time if suppliers deliver late? Learn why payment terms, delivery dates, and liquidated damages are different contract questions in procurement.

Supply Chain Planning Terms for Buyers: 20 Terms Explained Through Real Purchasing Problems

When you are new in a buyer role, supply chain planning language can feel abstract. You hear terms such as lead time, safety stock, MRP, MOQ, S&OP, OTIF, and available-to-promise, but the real question is not only what the...

Performance Warranty in Procurement: A Basic Guide for Buyers

A supplier can promise many things before a contract is signed. But for a buyer, a promise is not enough. The real question is: What happens if the supplier’s product or service...

Procurement data to decision support with BI

Procurement BI: Turning Purchasing Data into Better Decisions

Business intelligence (BI) is a powerful tool. In this blog post, we will explore how BI capabilities can support procurement and procurement KPIs.

Non-Conformity Report in Procurement: How Buyers Handle Supplier Quality Problems

In procurement, problems do not end when goods are delivered. Sometimes the supplier delivers the wrong item, the wrong quantity, damaged material, incomplete documentation, poor quality, or goods that do not meet...

Lead Time in Procurement: How Buyers Prevent Late Deliveries and Planning Problems

Lead time in procurement is more than the time between a purchase order and delivery. Learn how buyers use lead time to prevent late deliveries, control open POs, improve planning, and reduce...

Supplier onboarding chacklist for operative buyer

Supplier Onboarding for Operative Buyers: How to Set Expectations Before Problems Start

Most operative buyers know the feeling of working with a “good” supplier and a “bad” supplier. Some suppliers respond quickly, confirm orders on time, update delivery dates, and understand what the buyer...

Expediting in Procurement: How Operative Buyers Prevent Delivery Problems

But what happens when you're saddled with a supplier known for poor delivery performance? Enter the world of expediting and learn The Power of Expediting.

Supplier Relationship Management Best Practices: How to Turn LinkedIn SRM Ideas into Procurement Action

Supplier Relationship Management, often called SRM, is one of the most discussed topics in procurement. It appears regularly in LinkedIn posts, procurement networks, conferences, webinars, and supplier management discussions. That is useful —...

a reception managed under a Service level agreement

Service Level Agreement Explained: Why Buyers Should Include the SLA in the RFQ and Contract

A Service Level Agreement (SLA) is a document that outlines the agreed-upon level of service between a service provider and its customers.

The Procurement Framework blog at LHTS

Tag: supplier performance