Procurement Policy Assessment: Strengthen Compliance & Control

Procurement Policy Assessment: Strengthen Compliance & Control | Wolfe Procurement

When was the last time someone used your procurement policy to guide a real decision?

We recently completed a procurement policy assessment—and what we uncovered is surprisingly common:

  • Unclear or outdated approval thresholds led to spend approvals outside financial authority
  • Non-PO and P-Card spend lacked governance, making large portions of spend invisible to finance
  • Contract oversight was inconsistent, with no formal renewal or retention requirements
  • Policy language vague or incomplete, increasing the risk of non-compliance
  • Finance and procurement policies misaligned, resulting in gaps in control and oversight

Our Procurement Policy Assessments Help Organizations Evaluate

  • Alignment with regulatory, legislative and internal governance requirement
  • Clarity, consistency and completeness of policy language
  • Approvals and financial authority structures that reinforce accountability
  • Integration with corporate governance frameworks, risk policies and day-to-day procurement activities
  • Internal controls that strengthen compliance and reduce exposure
Procurement Policy Check-In - Is your policy framework protecting your company?

We don't just flag issues—we provide clear, actionable recommendations to strengthen compliance, reduce risk, and ensure effective oversight.

No disruption. Just a focused review—backed by best practices and practical next steps.

If your policy hasn't been opened (or followed) in a while—this is your sign.

Let's talk. We'll help you turn your policy into a tool your team can rely on.

Ready to Strengthen Your Procurement Policy?

Get a focused policy assessment that delivers actionable recommendations to strengthen compliance, reduce risk, and ensure effective oversight.

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