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Northern Regional College Policy, Procedures & StrategiesProcurement Policy and Procedure Doc No. FIN 13 Issue Document Title Date of 1st Issue LastReviewed Responsibility of 1 Procurement Policy
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Policy procedures and strategies are a set of guidelines, protocols, and plans put in place by an organization to achieve specific goals and objectives.
Typically, organizations or companies are required to file policy procedures and strategies as part of compliance and regulatory requirements.
Policy procedures and strategies are usually filled out by key stakeholders within an organization, such as management or compliance officers, by detailing the policies, procedures, and strategies implemented by the organization.
The purpose of policy procedures and strategies is to provide a framework for decision-making, establish guidelines for operations, and ensure compliance with laws and regulations.
Information reported on policy procedures and strategies may include the organization's mission and goals, operational procedures, risk management strategies, and compliance measures.
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