Essentials of a Procurement Policy

Procurement policies provide standards for purchasing goods and services while also navigate complex frameworks of legal, budgetary, management, and ethical requirements. Policies set clear expectations for roles, approvals, transparency, competition, decision-making, and code of conduct and must be evaluated regularly to ensure consistency with both the current business and legal environment. Unfortunately for many organizations, policies are either outdated, vague, or inaccessible to key stakeholders.

Speakers in this session will provide a simple checklist to evaluate your own procurement policy and discuss strategies for incorporating best practices and modern approaches to procurement.