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Companies can use a purchasing policy to improve the quality of goods and services in the company while lowering the cost of acquisition. Purchasing managers

Companies can use a purchasing policy to improve the quality of goods and services in the company while lowering the cost of acquisition. Purchasing managers will often negotiate deals with vendors or running a bid process that allows vendors to compete for a project offered to them by the company

Evaluate relevant policies defining the buyer-seller relationships in the purchasing process. [30]

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