Introduction and Scope
This policy defines the guidelines for carrying out purchasing transactions with a corporate purchasing card (“P-Card” or V-card) issued to selected employees. A fundamental goal of the Purchasing Card is to provide a fast and efficient purchasing tool to NXP employees whilst maintaining control of cost, providing relevant reporting and strong stewardship controls.
The p-card/v-card is set up:
• To enable the organization to purchase what they need for the business, when they need it
• To achieve business/organizational objectives at lowest possible cost.
• To maximize NXP personnel productivity and effectiveness.
• To maintain strong stewardship and avoidance of risk
This policy applies to all employees who are using a P-Card. Cards will not be issued to:
- Independent service providers and consultants.
- Temporary employees
- Employees who meet customers regularly (e.g. certain sales and marketing employees) (See approval process for approvers)