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Purchasing Procedure

oboloo Glossary

Purchasing Procedure

Purchasing procedures are the rules, regulations and guidelines that guide business processes and activities related to making purchases. They dictate how purchasing decisions are made and help to ensure that such decisions are compliant with relevant laws and regulations. From start to finish, purchasing procedures keep organizations organized and reduce the risk of errors or problems with procurement. They also provide employees with an understanding of what needs to be done in order to follow protocol and make sure that any potential issues are addressed before they occur.

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