The challenge. Managing risk and quality with vendors and suppliers is growing increasingly critical as the reliance on vendor products and services has increased.
Protecting against over-zealous vendors and suppliers looking to exploit poorly managed supply chains can be a daunting task.
The reality. Identifying overbillings, non-compliance with service level agreements, and contractual requirements resulting in recoveries and risk mitigation to the organization requires significant compliance resources, a proven playbook and processes, and expert audit support.
The Impact. Overpayment to vendors and suppliers due to the lack of insight and visibility into a supplier over-billings, non-compliance with service-level agreements and contractual requirements.