Chapter 03

DISCUSSION QUESTIONS
1. Why is it important to include a policy that outlines the origin and scope of
purchasing authority? What might happen if such a policy did not exist?
2. Why should management periodically review its purchasing policies and
procedures? What are the potential consequences if management does not review
policies and procedures? How often do you think it should go through a minor or
major set of rewrites?
3. Discuss the concept of ethics. Why is the purchasing profession particularly
sensitive to this topic?
4. Describe a potential ethical dilemma that a purchasing professional might
encounter in day-to-day activities.