ASSESSMENT
COR Assure can operate under a Bring Your Own (BYO) Management System, Nominated Third Party (NTP) Management Systems or under Agreed Assessment Methodology (AAM).
ASSESSMENT
The assessment is undertaken with a general scope (counter party, product line, distribution channel, supply chain, production process) across:
- relevant standard (ISO, jurisdiction based standard, industry standard)
- hazards, risks and controls
- compliance obligations
- organisational standards
- organisational or client specifications
Assessment Outputs
The outputs from the review can be used for:
- contract specification
- business continuity planning
- disaster management planning
BACKGROUND
Purchasing can be split between four core functions:
- Price
- Probity
- Compliance
- Risk management
Many organisations are well equipped to make price decisions with general capacity to manage probity. Generally, there is limited resources and capacity to assess supplier systems for how well they will ensure compliance with legal requirements and the effectiveness of the supplier systems to meet the supply requirements.
ASSESSMENT METHODOLOGY
COR Assure works with internal audit or quality under BYO, NTP or AAM under the relevant scope to assess the:
- client exposure by sector, supplier, region
- supply chain integrity by sector, supplier, region
- business continuity plan by sector, supplier, region
RISK, REPUTATION, COMPLIANCE, STANDARDS
The effectiveness of the supplier’s systems to manage risk is fundamental to the customer’s business continuity and to their operations in times of disasters or emergencies. Typical customer supply chain risk includes the non-supply (or delay) attributable to:
- Health issues
- Food Health issues
- Safety issues
- Logistics issues
- Environment issues
- Not meeting legal requirements
Assessing and monitoring the Supplier’s systems, processes and controls are proactive steps to ensure integrity of the supply chain.
Other elements can include consideration of reputational issues through:
- Entity Background research (media, social media, etc)
- Key personnel research (media, social media, etc)
- Government registers
Lastly considerations about compliance and standards will assist, if there is an incident about the ability to recover. This includes:
- Insurance
- Registrations
- Certificates
- Certifications
WORKING WITH CUSTOMERS
Based on the risk assessment, we establish with our clients a customised profile to engage prospective and current suppliers covering the risk, reputational and compliance/insurance elements.
We then develop and deliver the assessment and monitoring program to support that assessment.
WORKING WITH SUPPLIERS
Based on customer requirements we can make our solutions available at:
Pre-tender Eligibility | Making the customer procurement process efficient through screening out suppliers who would be ineligible or inappropriate |
Tender Process | Establishing complementary assessment for agreed elements for Risk, Reputation, Compliance, Standards |
Post Tender | Establishing elements for improvement by suppliers |
Pre-Implementation | Assessing supplier readiness for Risk, Reputation, Compliance, Standards |
Post-Implementation | Monitoring and reviewing supplier readiness for Risk, Reputation, Compliance, Standards |