Standards and Policies in Procurement
The concept reviews standards and policies related to procurement and that underpin corporate and operational strategies. It explores the business application of these policies and discusses the importance of ensuring that procurement activities are legal.
Technique Overview
Standards and Policies in Procurement Definition
Procurement policies refer to long-lasting statements of guidance (CIMA, 2005) that apply to and bind directors, managers and employees in any situation where they are involved in a purchasing process (CIPS: Purchasing Policy and Procedures). A standard refers to collective work created by bringing together the expertise and experience of all interested parties, for example, manufacturers, sellers, buyers, users and regulators of a particular material, product, process or service (CIPS: Standards in Procurement).
Standards and Policies in Procurement Description *
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Business Evidence
Strengths, weaknesses and examples of Standards and Policies in Procurement *
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Business Application
Implementation, success factors and measures of Standards and Policies in Procurement *
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Further Reading
Standards and Policies in Procurement web and print resources *
Standards and Policies in Procurement references (4 of up to 20) *
- Baden, D., Harwood, I.A. and Woodward, D.G. (2011) The Effects of Procurement Policies on ‘downstream’ Corporate Social Responsibility Activity: Content-analytic Insights into the Views and Actions of SME Owner-Managers. International Small Business Journal, Vol. 29(3), pp. 259-277.
- Bals, L., Hartmann, E. and Ritter, T. (2009) Barriers of Purchasing Departments' Involvement in Marketing Service Procurement. Industrial Marketing Management, Vol. 38(8), pp. 892-902.
- Bandler, J. and McWilliams, G. (2007) Wal-Mart Chief Bought Ring From Firm’s Vendor. Wall Street Journal, 30 May.
- Bartolini, A. and Dwyer, C. (2008) Spend Analysis: Pulling Back The Cover On Savings. Aberdeen Group, October.
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