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Purchasing Card Program:MMO Purchasing Card Coordinator:Solicitation: 5400005146 Contractor: Bank of America Contract: 4400009299 Contract Period: 10/01/2014 to 09/30/2021Stacy Gregg, CAPO, PPB, Gregg
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A purchasing card program is a system that allows organizations to streamline and simplify the procurement process by providing employees with a card to make purchases directly from suppliers.
Certain organizations or departments within an organization may be required to file a purchasing card program, typically those that make frequent purchases.
To fill out a purchasing card program, one must usually provide information on the company's procurement policies, authorized users, spending limits, and reporting requirements.
The purpose of a purchasing card program is to increase efficiency in the procurement process, improve control over spending, and simplify reconciliation of transactions.
Information that must typically be reported on a purchasing card program includes details of purchases made, vendor information, purchase amounts, and any applicable project codes or cost centers.
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