Risk identification and mitigation
Procurement Risk Management
To protect yourself from procurement fraud, corruption and associated financial crime, a coordinated approach is required. Start your learning journey with our articles and guidance on the aspects of risk identification and its mitigation.
Without strong integrity, procurement systems can be easily circumvented to commit fraud.
Do you use a consistent approach in your vendor vetting. Start by using the 8C approach.
How procurement systems can be manipulated or circumvented and what mitigation can be introduced to prevent fraud and revenue loss.
Do you consider the fraud risk and insider threat in the use of direct award procurement.