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Delivering Policy through Procurement

[A policy is] a body of principles, expressed or implied, laid down to direct an enterprise towards it objectives and guide executives in decision making (Lysons and Farrington, 2006).

Information about Delivering Policy through Procurement

A policy as a body of expressed or implied principles guide executives in their decision-making (Lysons and Farrington, 2006). Whether formal policies support procurement, marketing, HR, or any other organisational function, they are usually mandatory and must be adhered to by any employee group that they implicate (CIPS: Purchasing Policy and Procedures; Lysons and Farrington, 2006). Effective procurement policies exhibit six reinforcing characteristics. These are action-oriented, relevant, concise, unambiguous/well-understood, timely and current, and guide problem solving and behaviour (Monczka et al., 2009).

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