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
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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