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We run our business with integrity. Buying goods and services represents a significant portion of [insert organisation’s name]’s total expenditure. All of us must work together to ensure our buying is carried out in an effective and ethical manner.

1. 1. 1

      Introduction

      1. 1.1

         [Insert organisation’s name] seeks excellence in every aspect of its business. Effective procurement (buying) is recognised by [insert organisation’s name]’s executive team as an important contributor to the achievement of [insert organisation’s name]’s corporate objectives and success.

      1. 1.2

         This policy sets out the procedures to ensure the procurement (buying) practices of [insert organisation’s name] are equitable and in line with all applicable laws and regulations while achieving the best value for money and the reduction of operating costs.

      1. 1.3

         All staff are required to follow these procedures.

      1. 1.4

         All monetary values are stated net of VAT.

      1. 1.5

         All procurement documents are available from [insert, eg the Procurement or Legal department].

   1. 2

      Principles

      1. 2.1

         When buying goods and services, we will at all times act in a responsible manner by:

         1. 2.1.1

            basing our supplier selection on objective and transparent criteria;

         1. 2.1.2

            protecting the confidentiality of information that is entrusted to us;