Supply Chain Due Diligence Checklist

Microsoft recently released its cloud services due diligence checklist in order to provide companies with a standardized way of evaluating how cloud technology offerings can best suit their needs.

Supply chain due diligence checklist. Third parties in a modern supply chain are diverse. By following this checklist you can learn about a company s assets. The above needs to include standard kyc procedures including pep sanction screening via creditsafe 1 2 6 7 should the score result in edd an enhanced due diligence checklist to be completed 1 2 4 with the mlro head of compliance to complete the edd sign off. They can include anything from suppliers distributors agents advisors and consultants and even customers.

Supply chain risk mitigation. What is supply chain due diligence. From anti bribery and corruption laws to sanctions regimes and peps you need to stay alert to possible threats to your organization s reputation and bottom line. The eu regulation will enter into force in january 2021.

And a seller needs to be prepared to provide that information along with information about every aspect of the business immediately after signing an m a letter of intent loi. The checklist is intended for risk management procurement legal professionals and cios seeking to comply with international regulations while advancing. Purchasing and suppliers listing of major suppliers and. A supplier risk matrix 1 7 will also need to be completed placed on file along with routine site visits 1 6 conducted.

Due diligence on the supply chain can be a hugely time consuming task often meeting greater resistance or delay than operational due diligence on the manager after all the supplier doesn t have the financial incentive to provide support that the manager does. The globalization of business increases the level of compliance risk companies face. A buyer will need information about the company s supply chain in order to conduct her m a due diligence. The oecd s due diligence guidance for responsible supply chains of minerals from conflict affected and high risk areas provides companies that use and trade natural resources sourced from high risk areas with further concrete guidance.

At its basic level supply chain or third party due diligence describes the efforts taken to investigate a potential business partner. Explanation of supply chain and supply restrictions. Supply chain and logistics news. Performing due diligence with regards to supply chain management is more than looking at supplier invoices for cheap prices or at what transport carriers are used and the contracts or how warehouses operate.

Due diligence for scm should include from a high level with drill down.