No Match Found
Procurement function has a significant impact on the operational sustainability of the business. In most cases, the reason for initiating the Procurement assessments is to reduce costs and ensure business continuity.
Meanwhile, as practice shows, the most common reasons for increased procurement costs and business continuity disruption are related to forensic and compliance issues.
A strong control environment is a key element of Procurement function, preventing risks, the consequences of which potentially can negatively affect the economic efficiency of procurement, business continuity and business reputation.
Comparative analysis of the Procurement system and related internal controls with legislative requirements and leading global practices.
Massive and enhanced counterparty checks (suppliers, their representatives, direct owners and ultimate beneficiaries) aiming to identify compliance risk indicators and signs of unreliability.
Affiliation checks (between suppliers and company's representatives).
Forensic assessment of the Procurement system in place for the period (including initiated by regulatory bodies).