In an email to the faculty and staff of the Department, please outline the change(s) in the new policy and explain how it will impact the procurement process.

Please read the following scenario and instructions below.

You are the Business Associate for a Department in the college and it is your job to make sure that all faculty and staff in your area follow proper Finance & Administration protocols. This week, the Department of Finance & Administration will be announcing a change to its policy on procurement.

The current policy is as follows:
Finance & Administration Policy 3-PR-01A: Procurement

(3) All purchases over $10,000 must be approved by the Department Chair and Dean before an order can be placed. Purchases in excess of $25,000 require additional approval from the Vice President of Finance & Administration.

The new policy will read:

Finance & Administration Policy 3-PR-01B: Procurement

(3) All purchases over $10,000 must be approved by the Department Chair and Dean before an order can be placed. Purchases in excess of $20,000 require additional approval from the Vice President of Finance & Administration. Multiple purchases with the same vendor in excess of $20,000 in a single calendar month will require written justification from the Department Chair.

In an email to the faculty and staff of the Department, please outline the change(s) in the new policy and explain how it will impact the procurement process.

Please use your personal email account to compose your message and send it to the person specified by the assignment proctor.