Corruption Risks in Supply Chains for Procurement Professionals

Implementing opaque payment processes to maintain confidentiality

Offering incentives to employees for reporting corrupt activities

Outsourcing procurement processes to third-party vendors

Conducting rigorous due diligence on suppliers and partners (correct)

Providing compliance training to employees and partners

Establishing mechanisms for continuous monitoring and reporting

Implementing transparent procurement and payment processes

Relying solely on third-party audits to identify corruption risks (correct)

Streamlining procurement processes to reduce operational costs

Negotiating favorable pricing and contract terms with suppliers

Thoroughly analyzing supply chains to pinpoint legal risks and liabilities (correct)

Conducting market research to identify potential suppliers

<p>Implementing strict sanctions and penalties for corrupt activities</p> Signup and view all the answers

<p>Establishing comprehensive compliance procedures across the supply chain</p> Signup and view all the answers

<p>Implementing performance-based incentives for ethical behavior</p> Signup and view all the answers