Purchasing procedures are the systematic processes and guidelines that a business or organization follows in order to purchase necessary items. They provide an organized framework for the acquisition of goods or services from external suppliers, while ensuring compliance with local regulations, internal rules, and best practices. In essence, they help ensure that cost-effective decisions are made in purchasing materials, services, and supplies. Purchasing procedures include determining the scope of requirement, selecting a vendor, developing bid documents, and assessing bids. Finally, the process also covers communicating with suppliers, monitoring orders and deliveries, and processing payments. By following a well-defined set of purchasing procedures, businesses can maximize their ROI and establish efficient relationships with suppliers.