Procurement & Supply Chain Risk

Of the greatest risks within any organisation, those within the Procurement & Supply Chain environment are most likely to materialise and negatively impact financial performance. Global studies clearly identify Procurement Risk as one of the fastest growing risks to affect organisations. The highly-reported levels of fraud and corruption within the South African context, within Procurement & Supply Chain, is starting to place higher demands of risk management practices within these environments.

Informed Risk Consulting specialises in all aspects of Procurement & Supply Chain (P&SCM) risk management.

Our services include:

• Business Process Map development (BPM’s)
• Procedure Control Manual development (PCM’s)
• Policy development and alignment to BPM’s.
• Risk Register development and alignment to BPM’s and PCM’s.
• Development of Delegations of Authority (DOA’s/Mandates)
• Data Validation – Master Vendor
• Integrity Validation/Conflict of Interest – Procurement staff/Vendors/End-Users
• Relational analysis and visualisation
• Purchasing analysis
• Trend analysis – Supplier preferencing/cover-bidding etc.
• Red Flag analysis and Risk Modelling
• Risk matrix development
• Materials Management/Stock Risk
• Process Compliance and Assurance Reviews