The importance of periodically reviewing the purchasing policies and procedures. Introduction: Policy statement is a set of methods or behaviors that are accepted in an organization. It would provide a guideline to the employees on the things to do in an organization for a specific purpose, which would stabilize the conduct of every employee.

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Why should management periodically review its purchasing policies and procedures?What are the potential consequences if management does not review policies andprocedures? How often do you think it should go through a minor or major set ofrewrites?

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Chapter 3, Problem 3DQ

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To discuss: The importance of periodically reviewing the purchasing policies and procedures.

Introduction: Policy statement is a set of methods or behaviors that are accepted in an organization. It would provide a guideline to the employees on the things to do in an organization for a specific purpose, which would stabilize the conduct of every employee.

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