by Ekrem Duman | Jul 18, 2026 | Cost Reduction, Procurement, Sourcing
⚡ TL;DRBOARD FEET measure a volume of sawn wood equal to 12 inches by 12 inches by 1 inch. Procurement should specify the measurement basis, grade, moisture, conversion factor, tolerances, yield and inspection evidence before comparing timber quotes or paying...
by Ekrem Duman | Jul 18, 2026 | Cost Reduction, Procurement, Sourcing
⚡ TL;DRA BLANKET RATE applies one transport price or tariff across multiple items or shipments within a defined scope. Procurement should prevent the broad label from hiding different density, handling, liability, equipment or route assumptions. Key TakeawaysDefine...
by Ekrem Duman | Jul 17, 2026 | Contract Negotiation, Procurement, Sourcing
⚡ TL;DRA COLLECTING BANK acts for the seller’s bank in presenting documents and collecting payment. Procurement should define the collection instruction, document release condition, bank roles, discrepancy path, sanctions checks, financing exposure and evidence...
by Ekrem Duman | Jul 16, 2026 | Procurement, Sourcing, Supply Chain
⚡ TL;DRA blanket bond covers multiple customs transactions under an agreed security structure; it is not a blanket permission to move or release goods. Procurement should define the importer, bond type, amount, surety, broker authority, covered transactions, records,...
by Ekrem Duman | Jul 16, 2026 | Cost Reduction, Procurement, Sourcing
⚡ TL;DRAd valorem duty is calculated as a percentage of a customs value, not simply the supplier invoice. Procurement must provide a defensible transaction-value pack, identify additions such as assists or royalties, test related-party pricing and keep the duty model...
by Ekrem Duman | Jul 15, 2026 | Procurement, Sourcing, Supply Chain
⚡ TL;DRCKD means equipment is supplied as a controlled set of disassembled parts for transport and later assembly. Procurement must buy a complete, traceable system—not a pile of components—by controlling the BOM, revision, packaging, customs data, inspection,...
