Purchasing Loss Procedure

The Buyer’s role is to ensure all orders assigned to them are allocated to a supplier at the best buy price.

 

Sometimes a small loss is required to get an order allocated.

 

If the spread is up to -4%, no approval is needed for the Buyer to process the order.

If the negative spread is greater than -4% or the total loss on the Order Card is greater than -£25, the Buyer must get approval from the Senior Buyer (Minji), Commercial Manager (Daisy), Andrew or Samuel to process the order.

 

Request approval of the loss in the purchasing-loss-approval Slack channel. Previously we required a lot of information on the request, but to speed up this process please only include the request, the Order Number and tag an appropriate staff member to approve.

0721-62 - Please approve the loss @Minji

 

It’s essential to request loss approval in this channel to ensure oversight on all losses being approved.