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Probity & Procurement

Probity is defined as complete and confirmed integrity, uprightness and honesty. Upholding the highest standard of probity and integrity enables organisations to safeguard procurement activities to ensure those activities and processes are robust and can withstand scrutiny.

Probity is critical to an organisation’s ethical decision-making and incorporates the principles of accountability, impartiality and transparency.

We offer transparent, activity-based probity advisory and auditing services for a variety of transactions, including procurement, divestment, re-contracting and recruitment. Our bespoke Probity Methodology ensures that key probity elements are incorporated in every aspect of your transaction – ie Transparency, Accountability, Fairness, Value-for-Money, Issue Management and Conflict of Interest Management.

An organisation’s procurement function can be its key business strategy enabler. We provide our clients with best practice and market leading experience to improve the efficiency and effectiveness of the Procurement function and thereby enhance the financial performance of the business.

 

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Probity Advisory

A key element in providing quality probity advice is an understanding of the transaction and the associated issues and risks.Our probity methodology is risk-based and consists of several core components.

Firstly, we partner with clients to identify and implement implicit, explicit and transaction-specific controls.  Secondly, we maintain a resource toolbox of controls which are easily customisable and ready to use.  Finally, we work with our clients to build organisational and team maturity across the probity elements.

How we can help:

  • Risk analysis
  • Control identification
  • Probity plan development
  • Evaluation plan development
  • Control implementation
  • General probity advice

Competency Enhancement

We support our clients to build internal probity and procurement capacity and capability, by delivering a combination of standardised process documents and tailored staff development and e-learning solutions.

Our service offerings include:

  • Documenting controls, processes and procedures
  • Training face to face and online
  • Knowledge transfer
  • Health checks
  • Accreditation certification

Probity Audit

We review transactions and undertake investigations to ensure compliance with relevant regulations, legislation, policies, probity plans and key probity elements.

This includes the following:

  • Reviewing tender development, evaluation and reporting
  • Ensuring transparency and accountability
  • Managing conflict of interests
  • Ensuring separation and distinction between tender and evaluation processes
  • Maintaining open and equitable communication with all stakeholders

Procurement

In recent years, procurement has become recognised as a fundamental enabler of business strategy and a preferred method for achieving sustainable cost reduction. It is often a source of opportunity for process simplification and technology enablement, and better-informed decision making that is based on enhanced data and information analytics.

How we can help:

  • Procurement functional and operational design
  • Category management
  • Supplier relationship management
  • Strategic sourcing and market engagement (medium – high risk)
  • Purchasing (low risk, transactional)
  • Government tender processes
  • Procurement systems implementation
  • Procurement framework benchmarking

Contract & Vendor Management

We assist our clients to ensure that their investment in procurement activities can be quickly realised through strong contract and vendor management. This includes executing and monitoring contracts for the purpose of maximising financial and operational performance, minimising risk and maintaining statutory compliance.

Contract and vendor management is inextricably intertwined with procurement, as it generally entails the negotiation and drafting of purchasing and supply contracts. As a result, the strength of a company’s contract and vendor management frameworks strongly influences the results of its procurement management and vice versa.

Centium can assist with the:

  • Development and implementation of contract management and vendor management plans
  • Management of supplier performance
  • Strengthened compliance and minimisation of contract spend leakage
  • Implementation of contract management and vendor management system/s
  • Benchmarking systems against similar organisations and better practice
  • Automation and acceleration of the contract lifecycle
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We would be happy to discuss your needs and requirements. Please get in touch.
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