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1.It's important to have strict purchasing policies to ensure a consistent supply of quality goods from reputable suppliers that meet budget constraints and delivery timeframes.

1.It's important to have strict purchasing policies to ensure a consistent supply of quality goods from reputable suppliers that meet budget constraints and delivery timeframes. Explain the reasons for the following procedures:

a)Limiting the people who can negotiate price and terms of goods

b)Limiting the amount in value and quantity that can be purchased

c)Limiting the staff that have the authority to purchase goods

d)Maintaining and accurately recording documentation relating to purchase orders

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