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During this day we will be looking at the concept of Compliance from a Procurement perspective. This includes reviewing and understanding the contribution that the Procurement function has to the rest of the business and the part it plays in achieving Compliance objectives.
Reducing the risk in the supply chain has become a priority for all organisations, generating the need for more thorough and rigorous supplier prequalification processes. The more complex the requirements and commitments of the organisation are, the more critical their need to not only understand the demands of Compliance, but to have the tools to manage it. Legislative obligations mean that orgnanisations must ensure, and have evidence of, compliance. Non-compliances can be avoided by implementing an integrated Compliance function – to detect, monitor and manage supplier compliances.
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