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Supplier Assurance Services
Contracts in today's business landscape contain a myriad of sophisticated and complex provisions. Your organization dedicates significant resources to negotiating favorable deals with suppliers often including RFI, RFQ, RFP, face to face meetings, and finally negotiations. Your company works hard to add to the bottom line and those dollars should not disappear due to contract non-compliance. SC&H's Supplier Assurance Services can validate that your suppliers are adhering to your agreements.
In the course of normal day to day business, both parties are often too busy to monitor contract compliance. This scenario frequently results in your organization being deprived of the benefit of carefully negotiated contract items. Successful supplier audits typically result in cash recoveries, process improvements, recommendations to improve contract language, reduced financial leakage, documented instances of non-compliance for remediation, and confirmation that internal personnel are adhering to the Company's policies and procedures.
SC&H's Supplier Assurance Services also focuses on validating the non-financial aspects of your key contracts. In addition to the financial remuneration detailed in the contract, supplier agreements typically contain general terms and conditions. The general terms and conditions usually include such provisions as contract information, notice requirements, audit clauses, service level agreements, personnel and subcontractor requirements, exclusivity clauses, insurance provisions, trademark specifications, and termination provisions. Violating general terms and conditions can pose long-term risks to your organization.
SC&H has performed successful projects ranging from a single contract audit to recurring supplier audits as part of an overall compliance initiative. SC&H has provided Supplier Assurance Services for clients in almost every industry including retail, technology, financial, professional services, and manufacturing.
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