Services
Procurement Audit
Inefficient and obsolete Procurement procedure gives rise to malpractice, unethical behaviors and collusion with suppliers necessitating the need to conduct an external Procurement audit.
Kathy Burlison
“Remember that even if you haven’t been audited in the past, it doesn’t mean you won’t be in the future. And it only takes one audit to ruin your day.”
Many a time, the leadership of organisations are approached with complaints about unethical conduct of Procurement employees; compelling them to initiate an independent investigation. Costmap’s expert professionals help organisations conduct impartial and objective Procurement audits. With decades of experience behind them, our team of professional unearth individual malpractice as well as systemic flaws in Procurement processes.
Procurement transparency
Procurement transparency is critical in both private and public Procurement. A scandal associated with Procurement malpractice can cause image and reputation which is irreparable. An “incident” mandates investigation, though after the fact and reactive, and action needs to be taken based on recommendations.
Procurement operations
A successful Procurement operations audit doesn’t just uncover the root causes for your current challenges. The Procurement audit and assessment also helps identify opportunities to established processes and procedures for long-term sustainability and efficiency. Costmap expert auditors assess the state of Procurement organisation’s people, processes, and technology to identify not only the challenge areas, but also identify the organisation’s strengths and best practices.
Experts at Costmap
Often organisation can achieve best contract terms but fail to realise the benefit during execution. Such a situation warrants a consideration paid into the ongoing auditing of pricing and the supplier to ensure that identified savings have been realised. Experts at Costmap at trained to audit the invoices and match them with goods/services received and contract terms. It is our experience that an independent Procurement audit sometimes results in surprise savings for the client.