How to Setup a Purchasing Process

This how to setup a purchasing process template has 2 pages and is a MS Word file type listed under our business plan kit documents.

Sample of our how to setup a purchasing process template:

Setting Up a Purchasing Process Standard Operating Procedure Department: Production Purpose: The goal is to minimise the risk of incorrect payments by ensuring that deliveries and invoices have a corresponding purchase order number. It also shows to suppliers that goods and services were ordered. Frequency: When needed Procedure: Establish purchasing policies and procedures for all company purchase. Create a list of the individuals approved to make purchases on behalf of the company. Review previous purchases made by the company and establish limits of authorization for set purchase amounts. Create a purchase order system. Define the inventory levels needed for the company to operate efficiently. Take inventory of onsite raw materials or other supplies to establish a starting point for inventory levels. Create a filing system of the vendors. Set up meeting with the appropriate managers and department heads. Provide them physical copies of policies and procedures.