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Procurement Academy

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What Is Lead Time? Every Question You Were Afraid to Ask

You place the order today. The only question that matters is: when does it actually arrive? That gap has a name, and ...

What Is a Purchase Order? The Document That Runs Procurement

Most people treat it as boring paperwork, yet it sits behind almost every purchase a company makes, and once accepted...

Free Video: What is Maverick Spend

Every time someone buys outside the agreed way, a little value quietly slips out the back door. It is called maverick...

Free video: What is SRM

Treating every supplier the same is a mistake that quietly costs companies a fortune. Your most important suppliers a...
Framework Agreements in Sourcing

Free video: What Is a Framework Agreement? Explained Simply

A framework agreement is one of the most useful tools in procurement, and one of the most misunderstood. Once you und...
What is Spend Analysis

Free video: Spend Analysis

Most companies spend millions every year without a clear picture of where it all goes. Spend analysis is how you fina...
Spend Analysis

Free video: Single vs Sole Source

Single source or sole source? The two terms sound almost identical, but they carry very different risk. Confuse them,...

Free video: Direct & Indirect Spend

Two companies can spend the very same money, yet one keeps it under control while the other quietly leaks it. The dif...

Free video: What Is Procurement, Explained in Plain English

Everyone in business talks about procurement, but few people can say clearly what it actually is. If you have ever wo...