KnowledgeLeader Blog

What is Sourcing Risk?

Posted by Protiviti KnowledgeLeader on Thu, Jul 26, 2018 @ 09:33 AM

Outsourcing has become a keystone of major business operations to the point that it’s almost a given that large companies will move certain expensive business processes and labor-intensive activities to a third-party. Is this always the best option?

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Topics: internal audit, supply chain, purchasing & accounts payable, vendor management, performance management/measurement, outsourcing/co-sourcing/shared services, sas 70

What is Affiliations Risk?

Posted by Protiviti KnowledgeLeader on Thu, Jun 14, 2018 @ 03:55 PM

An affiliation is often referred to as a person, organization or establishment associated with another as a subordinate, subsidiary or member. An affiliation can be a social or business relationship and is essentially the act of being formally connected or joined. Examples of affiliations in the business environment include sourcing partners, vendor relationships and alliances.

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Topics: risk assessment, supply chain, purchasing & accounts payable, vendor management, performance management/measurement, KL Tools, inventory and materials management, outsourcing/co-sourcing/shared services

How to Successfully Manage Supply Chain Distribution Channels

Posted by Protiviti KnowledgeLeader on Thu, May 10, 2018 @ 02:11 PM

What Is Channel Effectiveness Risk?

Channel effectiveness risk is the risk that poorly performing or positioned supply chains or distribution channels may threaten a firm's capacity to effectively and efficiently interact with suppliers and inhibits the ability to access current and potential customers and end users.

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Topics: risk assessment, supply chain, strategic risk, vendor management, accounting/finance, performance management/measurement, KL Tools, inventory and materials management

Inventory Management Sample Process Interview Questions

Posted by Protiviti KnowledgeLeader on Fri, Jul 28, 2017 @ 08:23 AM

This extensive list of questions can be asked during an interview for an inventory audit.

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Topics: supply chain, vendor management, accounting/finance, accounts payable, inventory management, materials management

Vendor Management: A Closer Look

Posted by Sharise Cruz on Tue, Sep 01, 2015 @ 07:54 AM

Earlier this year, Protiviti published the 2015 Vendor Risk Management survey, which illuminated the fact that organizations seem to have gained a better understanding of vendor risk in the last couple of years, and many organizations are making concerted efforts to more accurately assess their vendor risk management programs.

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Topics: vendor management, third-party risk, vendor risk

Procurement/Accounts Payable Audit Work Program

Posted by Sharise Cruz on Fri, May 09, 2014 @ 11:30 AM


Each month, we'll be giving our social media and blog followers special access to download one of our most popular recently published tools. 

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Topics: internal audit, free tool of the month, work programs, purchasing & accounts payable, vendor management, accounting/finance

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