Procurement Spend Approval SOP

Standard procedure for reviewing, approving, and documenting procurement spend requests, including approval thresholds, approver routing, purchase order creation, and audit readiness.

Steps

• The requester submits the spend request with complete supporting details
• The procurement specialist verifies request completeness and policy alignment
• The finance reviewer confirms budget availability and spend classification
• The procurement specialist determines the required approval route
• The authorized approver reviews and approves the request
• The procurement manager escalates exceptions or threshold overruns
• The procurement specialist creates the purchase order after final approval
• The procurement specialist records the approval evidence for audit readiness