Within a company, the purchasing committee is a group formed to make crucial purchasing decisions and select the supplier of goods or services, primarily when it involves a major financial investment for the company and significant organizational implications such as training or onboarding programs. The fundamental idea behind establishing a purchasing committee is to bring together the various stakeholders involved in the purchasing process, while fostering a consensus-based approach to prevent any single person from being solely responsible for a decision that could have a considerable impact on the company.