The management of the flows of materials, finished goods and related information to maximize the value of these activities for suppliers, companies, resellers and final consumers is vital for success in today’s fast-moving and cost-conscious economy. Organizations must coordinate operational and strategic activities across all business functions within and outside the enterprise to improve long-term performance and meet customer needs. This can only be achieved by using a total systems view of the relationships in the chain and making sure that all the parts work together efficiently and effectively. The resulting cost reduction, speed and perception of value differentiates world-class companies from those that struggle under the weight of unnecessary expenses, movements, bottlenecks and handling.

In this seminar, you will learn about the units within organizations that are linked upstream and downstream to provide the products, services, information and finances from the source to end-user customers. You will also learn about the management of this chain, the planning and management of all activities involved in sourcing, procurement, conversion and logistics management, in addition to the coordination and collaboration that must exist between suppliers, intermediaries, third-party providers and customers. By focusing on business objectives, risks and leading practices that define essential control activities, internal auditors will acquire the skills to confidently audit their supply chain activities.