This audit program focuses on the supply chain management process, including policies, organizational risks, process risks, major processes, cost-control and performance measures.
Sample assessment questions include: Does your organization have a decentralized purchasing structure and process? Has your company had excessive internal or external growth in the past year? Does your organization carry inventory? Does it turn? Are there excessive inventories? Does your organization have a common set of policies and procedures? Does your purchasing organization use standard legal contracts for all business units? Is your planning system outdated?
The Board’s Oversight of Supply Chain Risk
Policies & Procedures
Checklists & Questionnaires