The supplier base of organizations for IT services is increasing – this is a consequence of a myriad of factors like increasingly globalized business processes that provide access to global suppliers, increasing the complexity of supply chains, increase in the scale of operations of organizations, etc. Due to the increase in the number of suppliers engaged with the organizations, managing the entire lifecycle of suppliers becomes difficult. Having a well-structured supplier management process in place will allow organizations to manage their multitude of suppliers with ease.
CAATS / Data Analysis
Computer assisted audit techniques (CAATs) refer to the use of technology to help you evaluate controls by extracting and examining relevant data. Sophisticated use of CAATs can be known as ‘data analytics’ and is increasingly being used across the profession. Data...