If your company has a sourcing & procurement office or sourcing & procurement center in China, you may need our purchasing audit services…

An enterprise with a sound management system must have a sound audit system. Audits can be carried out by the company’s own independent audit department, but more companies are prefer to be audited by third-party like Hay Think with expertise on souring and procurement management system.

Hay Think’s Purchasing Auditing Expertise System Comes From:

Global top 10 sourcing & procurement audit management consulting companies

The best auditing practices of Fortune Global 500 Companies

ProMa Subsystem: Sourcing & Procurement Audit System

Hay Think’s professional procurement management consulting team is guided by the best practices of Fortune Global 100 multinational companies and the theoretical model of an international authoritative procurement management consulting agencies, and has developed a unique ProMa professional procurement organization maturity evaluation system for all aspects.

ProMA Subsystem: Professional Purchasing Audit Checklist 

Checklist [based on international advanced audit management methods], analyzes, evaluates, and verifies existing purchase data item by item based on the checklist. 

Hay Think`s audit service can help client companies:

Review whether the procurement department’s sourcing & procurement behavior is in compliance;

Systematically identify procurement risks;

Systematically explore opportunities for cost reduction in procurement;

…

Hay Think Provides Purchasing Audit Reports With Corresponding Solutions:

All non-compliances, risks, opportunities and other items found in the audit will be submitted to the customer in the form of an audit report; 

It lists:

All the non-compliances finding

Procurement risks

Potential cost saving and value creation opportunities

Countermeasures, Solutions and Action Plan

follow-up all OPLs until all risks are closed

…

Purchasing Audit Report

Countermeasures, Solutions and Action Plan

follow-up all OPLs until all risks are closed

Reduce procurement compliance issues

Reduce procurement risk

Reduce purchasing costs and increase value

Enhance the competitiveness of purchasing organization