Counterparty and supply-chain diligence before you commit; governance once you have. Much of this work is private and never touches a bid.
Diligence before you commit; governance once you have. Most of this work is private and never touches a bid.
Know who you are trading with before you are bound to them: ownership mapped, sanctions and PEP exposure screened, findings recorded with sources.
Where the goods and inputs actually originate, and whether the stated route holds up. Country of origin confirmed at source, transhipment checked, sub-tier visibility established.
The supplier panel reviewed as a system: where risk concentrates, which relationships need enhanced diligence, and the public statements that follow.
The operating rhythm once a relationship runs on: decision rights, escalation, flow-down to third parties and change control. The trail does not break.
Compliance and Procurement carry the work to commitment. Intermediation runs on both sides of it: diligence before commitments are made, governance once they are.
Documents, evidence and registers established before a decision goes live.
Where the decision is a bid, requirements are mapped, the response structured, and a six-gate quality review run.
The counterparty and chain tested before you are bound, and kept current where the relationship runs on.
Diligence is not a one-time check. The standard is a rhythm that keeps findings current as ownership, exposure and the chain move.
Keep counterparties and suppliers under live watch, so a new sanctions listing, ownership change or adverse event surfaces when it happens, not at the next review.
The counterparties and chain that carry ongoing exposure.
Re-test the findings that age, ownership structures, origin, concentration, against current evidence, and refresh the record.
Relationships material enough to warrant a scheduled re-test.
Step back and test the panel or portfolio as a whole: where risk has concentrated, which relationships need enhanced diligence, and what the board should see.
The supplier or counterparty base as a system, on a set interval.
Where the relationship is defence or dual-use, the governance is scoped to the regime: see ITAR / EAR and ECJU / OFSI.
The signs that the gap is already open.
A new supplier, agent or customer is close to contract, and nobody has looked past the company name.
Subcontractors, primes, partners, authorities, each operating to different rhythms. Without alignment, drift is inevitable.
Variations, additions, reductions, and the audit trail is starting to fray. Time to put proper change control in place.
Before a commitment or after it, we can join wherever the exposure is greatest.