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Purchasing Policy and Business Management Guide
(CO-70002-0100) 126 pages    $179.00

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This essential guide was developed for The Institute for Supply Management (ISM) to help you establish the necessary policies for a world-class purchasing and supply management organization. Beginning with the basics of how to organize purchasing authority, this volume covers policies on suppliers and supply base management, ethical proactices, legal and regulatory requirements, and effective and efficient operations. The Purchasing Policy and Business Management Guide makes the management of policies easier, with detailed steps and suggestions for documentation. Leadership Advice offers insight into why you should or should not consider certain policies.

Table of Contents

Chapter 1:

  • Organizing and Managing Purchasing Authority

    Chapter 2

  • Supplier and Supply Base Management
  • Supplier Codes
  • Purchasing Contracts
  • Denied Parties
  • Source/Price Justification
  • Supplier Qualification

    Chapter 3

  • Establishing Sound and Ethical Business Practices
  • Standards of Business Conduct
  • Confidentiality
  • Conflict of Interest
  • Gifts and Entertainment
  • Reciprocity

    Chapter 4

  • Complying with Legal and Regulatory Requirements
  • Legal Counsel Support
  • Antitrust Compliance
  • Hazardous Materials

    Chapter 5

  • Conducting Efficient and Effective Operations
  • Purchase Order Management
  • Acquisition of Consulting Services
  • Supplier Work on Company Premises
  • Debit Memos, NCMR's and Shipping/Billing Authorizations
  • Disposal of Excess/Obolete Company-Owned Property
  • Bailment & Sample/Loaned Material
  • Equipment Leasing
  • Letter of Credit
  • Self Audit Process
  • Purchasing Record Retention
  • Employee Development and Training

    Chapter 6

  • Managing the Policy and Business Practices Process
  • Policy Change or Waiver Request


  • Appendix 1 - Purchasing Signatory Authority Request Form
  • Appendix 2 - Legal Aspects of Purchasing
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  • Contract Development and Management
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