Purchase Orders (POs) – Workflows and Thresholds

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Purchase Orders (POs) – Workflows and Thresholds

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A summary of responses received for this Peer2Peer inquiry is available below.

Original Inquiry

  1. At what threshold is a Purchase Order required?
  2. If there is a threshold, how are purchases below the threshold handled?
  3. Does the threshold differ depending on the type of goods/services being purchased?
  4. If a Purchase Order is not required until the spend exceeds some higher threshold such as $10K or $25K, is the company in a regulated industry such as financial services?
  5. Does the company do work internationally so that they have to comply with FCPA? If yes, how do they address the risk for suppliers below the PO threshold
  6. Is the threshold different if the supplier will have access to non-public personal information

Summary of Responses

 

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