by Ekrem Duman | Aug 1, 2026 | Procurement, Procurement News
Last Updated: August 1, 2026 Four unrelated headlines from the last week of July 2026 turn out to describe the same story. General Motors is expanding domestic production and locking in memory supply. Johnson & Johnson is closing facilities in its innovative...
by Ekrem Duman | Jul 31, 2026 | Procurement, Supply Chain
Damietta LNG Drone Attack: A 2026 Wake-Up Call for Geopolitical Supply Chain Risk Management ⚡ TL;DRA drone strike on the Energos Winter FSRU at Egypt’s Damietta LNG terminal on July 29, 2026 damaged two vessels and disrupted operations at a key Mediterranean...
by Ekrem Duman | Jul 28, 2026 | AI Strategy & Operations, Procurement
Agentic AI in procurement means software agents that plan, negotiate, and execute buying tasks with limited human sign-off, rather than just generating text or dashboards. In 2026, survey data shows roughly 90% of procurement leaders are implementing or planning to...
by Ekrem Duman | Jul 25, 2026 | Contract Negotiation, Cost Reduction, Procurement, Vendor Management
⚡ TL;DRCOD means Cash on Delivery: payment is collected when the goods are delivered. It is not the same as cash against documents, cash in advance or an ordinary invoice term. Procurement should define who may collect, what counts as delivery, how payment is...
by Ekrem Duman | Jul 25, 2026 | Contract Negotiation, Procurement, Supply Chain, Vendor Management
⚡ TL;DRThe SSDER glossary gives CLEARANCE two procurement-relevant meanings: customs clearance and loading a vehicle so it can pass physical limits such as bridges or tunnels. Treat them as separate gates. A shipment can be customs-ready but physically unable to pass,...
by Ekrem Duman | Jul 25, 2026 | Cost Reduction, Procurement, Sourcing, Supply Chain
⚡ TL;DRA COMMODITY RATE is a transport charge published or negotiated for a defined commodity or cargo class. It is narrower than a blanket rate and depends on the cargo description, packaging, density, handling, lane, equipment, volume and validity. Procurement...
