Resources from the Compliance Experts
With multiple functional groups, such as procurement, CSR, product development and marketing independently interacting with each supplier, it is a challenge to maintain transparency throughout stakeholder network.
Our experienced advisory team recommends methods for addressing each issue with your suppliers. We apply our unique set of advice, technology and business intelligence applications to help our clients manage their integrity and compliance risks.
Get to know Supplier Integrity®
Protecting your organisation from integrity and compliance risks brought on by using the wrong suppliers can be difficult and expensive. Supplier Integrity® from The Red Flag Group® is an innovative supply chain ethics, integrity and compliance risk management solution that streamlines the onboarding process and continually monitors for new risks.
CPO STUDY 2018
Charting the Technological and Strategic Transformation of the Procurement Department
The rising tide of procurement's influence continues to elevate the role of the CPO to that of a co-architect of overall business strategy, taking part in consultative relationships with their peers. As C-Suite leadership recognizes just how valuable the savings and efficiencies procurement provides for helping capture and demonstrate value to the business, their desire to collaborate also goes up significantly.
Get to know the 23 key risk areas
Companies are held responsible for their own integrity and ethics, but also for acts of their third parties. Suppliers, distributors, resellers and other third parties pose significant integrity and compliance risks that need to be managed by every company to avoid significant fines and reputational damage.
The Red Flag Group® has created an in-depth guide to understanding each of the 23 risk areas and the impact they can have on your business.
Third party compliance without slowing down the business
Effective procurement and purchasing processes are vital for any company. If these processes are slowed down or delayed, it can cause ripples throughout a company’s entire supply chain, leading to missed commitments and financial losses.
While it is crucial that procurement and purchasing happen promptly, measures also need to be taken to ensure that goods are procured in a manner that complies with company policies and government regulations. (continue reading article here...)
Procurement and Compliance - Friends, Foes or both
Balancing the needs of procurement and the needs of compliance
Compliance can often be labelled as a roadblock or hurdle to doing business. There is the idea that compliance professionals and lawyers are there to slow down the process, take resources and be the lifeguard for the remaining fun seekers and deal makers in the pool. As we all know, the pool can just be more dangerous (and fun) when there aren’t the rules of “no running” “no jumping” and the ubiquitous “no horseplay”. (continue reading article here...)
Is your supply chain risk management programme just a one-trick pony?
Have you looked back at how much time and money has been spent by your organisation chasing the ‘risk of the month’?
Most organisations have some form of supplier risk assessment or risk review process. You may be in the process of examining or building your programme now. But ask yourself, how much of that programme is built around a single regulation or handful of issues noted in your code of conduct? (continue reading article here...)
Supplier Integrity information sheet
On the go and want to learn more about how Supplier Integrity® can give you visibility into the compliance and integrity risk within your supply chain? Download the Supplier Integrity® information brochure here.