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Auditing and Governance Risk and Compliance · AGRC-028
Auditing Operations and Supply Chain
Operations and supply chains involve significant spending, inventory, assets and risks, yet they are often less frequently audited than finance. Effective audits can…
- Duration5 days
- Next date16 - 20 Nov 2026
- Cities8 cities
- Fee from£2,250
Course overview
Why Attend
Operations and supply chains involve significant spending, inventory, assets and risks, yet they are often less frequently audited than finance. Effective audits can uncover inefficiency, leakage and control gaps.
This LLMI course explains how to audit procurement, inventory, logistics, production, maintenance and supplier management. It covers risk assessment, key controls, data analytics, performance measures and value-adding recommendations. Participants plan and test an operations audit.
The course suits internal auditors and operations control professionals.
Course Objectives
Assess risks in operations and supply chains
Audit procurement and supplier management
Audit inventory, warehousing and logistics
Evaluate production and maintenance controls
Use analytics to identify leakage
Develop value-adding recommendations
Target Audience
Internal auditors
Operations control staff
Supply chain managers
Procurement managers
Risk professionals
Audit managers
Course Methodology
Audit planning exercises
Process walkthroughs
Analytics labs
Case studies
Group work
Course outline
-
1Day 1: Operations Audit Fundamentals
- Operations and supply chain risks
- Audit objectives
- Process understanding
- KPIs
- Data sources
- Exercise: Risk mapping
-
2Day 2: Procurement and Suppliers
- Sourcing controls
- Contract compliance
- Supplier performance
- Fraud risks
- Analytics
- Workshop: Procurement audit programme
-
3Day 3: Inventory and Logistics
- Inventory controls
- Counts
- Warehousing
- Transport
- Shrinkage
- Lab: Inventory analytics
-
4Day 4: Production and Maintenance
- Production controls
- Quality
- Maintenance
- Capacity
- Assets
- Case study: Production audit
-
5Day 5: Findings and Value
- Root causes
- Efficiency findings
- Cost savings
- Reporting
- Follow-up
- Capstone: Operations audit report
Dates and fees
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