Google policies online and identify the overlapping and overarching themes.Benchmarking consists of looking at what the best companies are doing and then pull those into yours – in this case your policies.I posted some examples but looks for at least 3 more.More information in the Procurement Deliverable file in Course ContentA purchasing policy is a collection of rules that control the requisition process. Purchasing policies helpprocurement administrators implement their procurement strategy by creating a policy structure that isaligned with the organization’s strategic purchasing requirements. This includes clear articulation of, butis not limited to the following:1. The objective of the purchasing policy.2. Role of purchasing.3. Vendor setup and onboarding process.4. Contract signing authority.5. Purchasing authority levels
