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Purchasing and Supply Chain Manage...

6th Edition
Robert M. Monczka + 3 others
Publisher: Cengage Learning
ISBN: 9781285869681

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BuyFindarrow_forward

Purchasing and Supply Chain Manage...

6th Edition
Robert M. Monczka + 3 others
Publisher: Cengage Learning
ISBN: 9781285869681
Chapter 3, Problem 4DQ
Textbook Problem
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What are the benefits associated with a comprehensive policy and procedure manual? Is there a downside to the manual being too comprehensive?

Summary Introduction

To discuss: The benefits associated with a comprehensive policy and procedure manual.

Introduction: Policy statement is a set of methods or behaviors that are accepted in an organization. It would provide a guideline to the employees on the things to do in an organization for a specific purpose, which would stabilize the conduct of every employee.

Explanation of Solution

Following are the benefits associated with a comprehensive policy:

  • A comprehensive policy would provide a clear and detailed job description.
  • It would make the decision-making process more consistent.
  • It helps to save time and effort
  • It helps to provide positive direction to the firm and to avoid clashes with the management.

Following are the benefits associated with a procedure manual:

  • Procedure manual helps to ensure continuity in the business...

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