Reference no: EM132798486

1. There are a range of factors that affect how physical resources are procured. What is the strongest influence in your workplace or training environment?

2. Most organisations have policies and procedures which control how resources are obtained; these are usually their purchasing policies and procedures. They may also have templates for key documentation such as specifications, selection criteria, purchase orders and requisitions. Record two examples of policy or procedural information your likely to find in each of the categories.(Purchasing policy and procedures and Financial policies and procedures)

3. Who approves purchase decisions in your workplace or training environment?

4. What are the features and budgeting processes for a cash flow budget?

5. Briefly describe how budgets are used in operational plans.