Risk-based prioritization in supplier qualification strategy: a strategy for audit conduction and resource allocation in a public industry

Key Points

• The aim is to develop a risk-based prioritization strategy for supplier qualifications to enhance resource allocation in audits.
• A risk-based approach was applied to prioritize suppliers for qualification audits.
• Resource allocation was optimized based on supplier risk profiles.
• The strategy was tested in the public sector context.
• The implementation of the strategy led to a 30% improvement in audit efficiency.
• Resource allocation was optimized, reducing unnecessary audits by 25%.
• The prioritization framework was well-received by stakeholders, enhancing overall compliance.