FN 07, Purchasing Authority and Responsibilities

Summary

This Policy supports and defines the University’s activities when purchasing goods or services to: 1) promote responsible stewardship of funds; 2) direct compliance with funding and regulatory requirements; and 3) support strategic sourcing initiatives. This Policy authorizes the University’s Purchasing Services Department to manage the purchasing process and the Strategic Sourcing Department (Strategic Sourcing) to develop strategic sourcing initiatives as described in this Policy. This Policy also describes the standards for purchasing goods or services on behalf of the University.