by Ekrem Duman | Jul 25, 2026 | Contract Negotiation, Procurement, Sourcing, Trade Finance & Supplier Terms, Vendor Management
⚡ TL;DRBILATERAL means mutual or reciprocal in the SSDER glossary. A bilateral procurement agreement should make both parties’ deliverables, information, payment, service, notice, change, remedy and exit duties visible. It is not enough to state that the...
by Ekrem Duman | Jul 18, 2026 | Cost Reduction, Procurement, Sourcing, Trade Finance & Supplier Terms
⚡ 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 17, 2026 | Contract Negotiation, Procurement, Sourcing, Trade Finance & Supplier Terms
⚡ 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 15, 2026 | Procurement, Sourcing, Supply Chain, Trade Finance & Supplier Terms
⚡ 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,...
by Ekrem Duman | Jul 15, 2026 | Procurement, Sourcing, Trade Finance & Supplier Terms, Vendor Management
⚡ TL;DRA.I.D. or USAID-funded buying is governed by the award, agency policy and applicable public-procurement rules. Procurement should translate those requirements into a local-sourcing plan, supplier due-diligence file, competition record, approval trail and...
by Ekrem Duman | Jul 15, 2026 | Procurement, Sourcing, Trade Finance & Supplier Terms, Vendor Management
⚡ TL;DRA combination export manager can represent multiple non-competing producers in foreign markets, but procurement must define authority, territory, customer ownership, pricing, compliance, commissions, data access and termination before the intermediary becomes...
