Vendor empanelment decides quality, price and risk long before a purchase order is raised. What to verify, the conflict of interest test to run, and what to ask your CFO.
Freight, packing, detention and demurrage rarely get negotiated or audited. A freight cost audit shows where procurement spend leaks after the price is agreed.
Routine buying is controlled. Capex is not. A capex procurement audit shows where sanctioned cost quietly becomes final cost in Indian owner-managed businesses.
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