This policy defines requisition responsibilities and to establish vendor bidding guidelines. It can be uniformly applied to all company expenditures requisitioned from any company. This document supplements the requisition and purchasing policy outlined by a company.
The intent of this policy is to help ensure that company expenditures are requisitioned in an authorized manner for products or services that have a valid business purpose. This policy may be modified from time to time as needed to suit economic conditions, competitive situations or company strategy. It is the responsibility of the operations manager to enforce this policy.