Our experience of dealing with procurement and supply chain fraud has often found that processes and procedures have been improved on the procurement journey leading to award of work.
However, many failings leading to cases we have dealt with have arisen with respect to compliance and assessment of risk of those supply relationships after a contract or tender is awarded.
Procurement fraud is no longer the focus area of kickbacks for awarding of contracts, it is so much more and requires vigilance and oversight throughout relationships with suppliers.
However, with the demands on cost savings and speed of delivery, it is inevitable fraud will occur in the supply chain, be it due to the number of people involved in the purchasing process.
Often when procurement or supply chain fraud is detected, an investigation is required to establish the extent of the concerns and the likely circumstances of what has taken place.
If advice is required to help assess your risk to fraud in your supply chain or if advice is needed if to help gain recovery from loss and on termination of supplier relationships, we can assist in these areas.