As criminals and rogue traders find new ways to operate, supplier controls have become more important than ever.
Criminal and unscrupulous operators may use businesses to conduct illegal transactions, commit fraud, or simply attempt to deceive you and your company for their own gain. This not only harms you as a business owner but also creates unfair competition and damages trust in society. Unscrupulous actors may cheat on taxes, fees, work environment, quality, and permits.
Define requirements in procurement and follow up
It is important that you set requirements for the company from which you are purchasing services or to whom you are awarding a contract. There are many ways to continuously monitor the company during the course of the contract. It is also vital that the requirements are relevant and can be followed up on.