Monthly Archives: September 2013

In every organisation there is risk attached to procurement decisions. Mismanaged risk, create losses and cause severe reputational damage.  A structured and rigorous evaluation process of procurement risks is not available, hence our recent investment in designing such a process tool to provide actionable data to identify and manage procurement risk, ‘Procurisk®’. Procurisk® is an […]

Who Audits the Auditors? We have been reading a “Contract Award Manual”. The content relating to procurement begs the question regarding auditor’s competencies to, on an informed basis, audit the specifics of a deal. There is a section on “Negotiation” It states: The auditors review of purchasing procedures should determine whether: a)      Buyers are required […]