Internal Audit Services in UAE

Challenge

• No practice of periodic evaluation of suppliers’ performance.

Work done and Impact

• Ensured the implementation of an objective supplier evaluation process

Action / Impact:

Were able to understand that there was a need to replace some suppliers and balance purchases across others; about 6 new suppliers were identified resulting in improved costs, lead times and QC compliance

Challenge

• Poor stock controls and inadequate review of goods on the production floor

Work done and Impact

• In-depth analysis of stock was done across different stages of production – Raw Material  / Work In Progress / Finished Goods

Action / Impact:

Reduction in the value of items in the WIP warehouse by approx. 33% over a 6-month period without loss in production output