The process of adhering to procurement policies and guidelines that regulate procurement and sourcing activities. A compliance program policy sets operating controls and parameters for all expense commitments and purchasing activities, requires all employees to comply with policies and guidelines, covers activities that span from requisitioning and requirements gathering, negotiations, supplier selection to contract management and compliance (and every step in between).
The process of adhering to procurement policies and guidelines that regulate procurement and sourcing activities. A compliance program policy sets operating controls and parameters for all expense commitments and purchasing activities, requires all employees to comply with policies and guidelines, covers activities that span from requisitioning and requirements gathering, negotiations, supplier selection to contract management and compliance (and every step in between).