Aims of Purchasing Policy

1.  To provide information regarding from where the product is to be purchased.
2. To set down the principles of purchasing.
3. To set down the rules for purchase transactions.
4. To help in selection of suppliers.
5. Policy should include the list of approved supplier.
6. Policy should clearly define the purchasing function.
7. Policy should identify the various market for different products
8. To clearly lay down the procedure under which purchasing has to be done.
9. Policy should aim at settling down the standards for all the products which is to be purchased with the help of concerned consuming authority.