Supply Chain Risks

GRC has expanded its scope beyond financial reporting as originally developed in Section 404 of the Sarbanes-Oxley Act. It has evolved to take on a greater role in the business, including the supply chain. Our risk-based approach to the Supply Chain highlights for management attention, the critical actions needed to remediate critical risks which impact the supply chain. A primary compliance concern for executives is ensuring the supply chain has effective policies and procedures in place for local tax and trade laws. Failure to manage multi-national trade laws and compliance requirements can expose your organization to fines, trade retractions and loss of revenues.

Meet global trade compliance requirements…. minimize supply disruptions

SPV’’s Supply Chain Risk Analysis can help identify potential risks and propose system controls integrated into your business process that will remediate these risks.

Potential Risks in the Supply Chain

• Global Supply Chain interruption due to component volatility
• Natural Disasters or geo-political events
• Accurate Inventory Valuations/SOX Compliance
• Outsourced partner compliance
• Brand Image/ Intellectual property protection.
• Strategic and execution risks, such as hitting a launch window for a short lifecycle product.

Global Trade Services

• Meet regulatory requirements and manage the complexities of global trade – Use standardized, enterprise-wide trade compliance processes in supply chain, human resource, and financial processes for proactive trade management.
• Expedite the importing and exporting of goods through customs – Leverage improved transparency throughout the supply chain to share cross-border trade information with partners, such as freight forwarders, brokers, insurance agencies, banks, and regulatory entities.
• Mitigate financial risk and maximize profit with best utilization of international trade agreements – Avoid supply chain bottlenecks, production downtime, and errors that can result in costly penalties with comprehensive letter of credit management, preferential product treatment using trade agreements, and comprehensive analytics based on daily business data.