USABCO Industries ensures that purchased Products or Services conform to specified purchase requirements. The type and extent of control applied to the supplier and the purchased product is dependent on the effect on subsequent product realization or the final product.
USABCO Industries evaluates and selects suppliers based on their ability to supply product and service in accordance with the organization's requirements. Criteria for selection, evaluation and re-evaluation are established.
These activities are further defined in the document USB-200-QP-01 Purchasing Procedure.
USB-200-QP-002 provides for a system and instructions, and to assign responsibilities for Administering accounts receivable, Administering accounts payable, Administering fixed assets, Administering payroll, Administering inventory, Controlling the general ledger, Administering financial reporting and analysis, Administering strategic planning (budgeting and forecasting), Managing Value added Tax, Income tax, Employees Tax, Cash management and Foreign Currency