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Standards and Policies in Procurement

Standards and policies are core components underpinning corporate as well as operational strategies (Lynch, 2006).

Information about Standards and Policies in Procurement

Standards and policies are core components underpinning corporate and operational strategies (Lynch, 2006). The procurement policy statement is a public document. It can be quoted in annual reports, operating and financial reviews, shareholder/stakeholder information and is freely available to potential suppliers. The policy statement communicates the principles on which the organisation procures and contracts to management, staff, actual and potential suppliers and contractors, customers, governmental and other regulators and stakeholders (CIPS: Purchasing policy and procedures).

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