supply chain compliance Management
Supply Chain Management (SCM) compliance refers to the adherence and conformity of a company’s supply chain activities, processes, and relationships with relevant laws, regulations, standards, and ethical practices. It encompasses a set of practices and measures designed to ensure that the entire supply chain operates within legal and ethical boundaries while meeting industry-specific requirements.
The absence of standardised work processes, clear policies, and defined procedures poses a significant challenge in the highly dynamic supply chain management environment comprising the procurement, warehousing and accounts payable departments. The lack of clarity and structure not only hampers operational efficiency but also compromises risk management and compliance, ultimately leading to a deficit in organisational accountability and effective controls. We draft policies and procedures within a set framework which are aligned to best practices. Certain essential policies and procedures are commonly required within the Supply Chain Management departments, (also recognised as Procure-to-Pay), include the following:
Supply Chain Strategy Policy
Company Approval Framework
Code of Ethics
Procurement Procedure
Preferential Procurement Policy
Breakdown Procedure
Codification Procedure
Contract Procedure
Supplier Management Procedure
Warehousing Procedure
Accounts Payable Procedure
How Can We Help?
Our comprehensive suite of services are designed to help you achieve operational excellence and optimise your procure-to-pay process.
Drafting practical supply chain policies and procedures
Drafting general terms and conditions required for purchase orders and contracts
Supply chain gap analysis to identify risks and shortfalls
Spend analysis which will identify and prioritise focus areas
Supply chain organisational structure design
Purchase and contract strategy development
Contract risk assessments on existing contracts
Total cost of ownership initiatives
What are the Benefits?
Promotion of Supply Chain Compliance & Standardisation
We actively champion and implement measures to elevate Supply Chain Management (SCM) compliance and standardization within your operational framework. By aligning your processes with industry best practices and relevant standards, we ensure consistency and adherence to regulatory requirements. This not only enhances overall operational efficiency but also establishes a foundation for sustained compliance excellence.
Identification of Supply Chain Compliance Gaps
Through our comprehensive analysis and assessment procedures, we pinpoint potential gaps or deviations in supply chain compliance. Our meticulous scrutiny at each stage of the supply chain allows us to identify areas where compliance might be lacking, or improvements are needed. This proactive approach enables us to promptly address compliance issues, minimising the risk of possible audit findings and disruptions to the supply chain.
Mitigating reputational and other risks
Our practical and effective solutions prioritise the mitigation of reputational and other risks by implementing strategies that address not only compliance issues but also broader risks that could impact the reputation and sustainability of our clients.
Our processes leverage industry commodity, supply chain, and supplier knowledge for optimal results
In the pursuit of excellence, we harness the collective knowledge of our team in industry commodities, supply chain dynamics, and supplier relationships. Our processes are designed to integrate this wealth of knowledge, ensuring that we make informed decisions and take strategic actions. By leveraging this expertise, we aim for optimal results in terms of efficiency, cost-effectiveness, and overall supply chain performance. This approach allows us to stay at the forefront of industry trends and developments, providing our clients with a competitive advantage in their respective markets.