The following types of procurement are allowed by the policy and required for purchase: requisition; blanket purchase order with the stipulation that any purchase from $500 to $2,000 must be approved by the township supervisor; purchase orders; charge/credit chard purchases; telephone quotes; written quotes; open sealed bids; invited sealed bids; request for qualification; single source purchase; government contract; emergency procurement; lease and lease purchase; and petty cash.
One respondent indicated that having reported obligations under blanket purchase orders supported by cancellation penalties to the extent of the penalty.
Byline: Mamta03 Government procurement executives today listed the benefits of the upcoming SmartBuy Blanket Purchase Order for the federal Geospatial Line of Business and emphasized the cost savings and the reduced administrative burden they anticipate from the project.
By implementing best practices such as bar coding, electronic ordering, procurement cards and blanket purchase orders, companies can reap the advantages presented by eProcurement, Not the least of these is that, through self-service capabilities, routine purchasing activities may be performed by the requisitioner.
Doing It Right Best Practices in Requisition and Purchase-Order Processing * Self-service requisitions using online and web-based item catalogs * Automated general ledger account validation * Automated budget availability verification * Automated routing and approval verification * Automated conversion of approved requisitions to purchase orders * Blanket purchase orders for a large percentage of the total buy * Procurement cards for most transactions under $1,000 * Procurement card transactions posted to a single general ledger account per procurement card * Purchase orders submitted via electronic data interchange and/or supplier's intranets Source: The Hackett Group The Value of Streamlined Processes World Measure Avg.
