supplier risk - 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.

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...

Contract Clause Your First Step Towards Confident Contracting

Contract Clause Basics: A Buyer’s First Step to Confident Contracting

Many buyers feel comfortable discussing price, delivery time, specifications, payment terms, and supplier performance. But when the contract arrives, confidence often drops. The language becomes more formal. The clauses become longer. Legal...

Supplier Code of Conduct: From Policy to Supplier Compliance

Having a Supplier Code of Conduct is no longer unusual. For many companies, it is expected. Customers, owners, regulators, employees, and business partners increasingly expect companies to know how suppliers behave in...

Buyer approach in supplier monopoly markets

Monopolistic Markets in Procurement: What Buyers Can Do When Competition Is Missing

Most procurement work is built on one important assumption: there is competition in the supplier market. When several suppliers can meet the requirement, the buyer can compare offers, negotiate, challenge pricing, switch...

Transfer of rights is an important clause in procurememnt contract

Transfer of Rights in Procurement Contracts: How Buyers Avoid Losing Control of the Supplier Relationship

In procurement contracts, the transfer of rights clause is crucial for clearly defining the rights and obligations that can be transferred from one party to another