What is KPMG Supply Chain Compliance Advisory?

In a globalised world, companies rely on complex supply chains to manufacture and distribute their products. In doing so, they must ensure that their companies, partners and suppliers comply with applicable laws and standards in order to minimise supply risks. Optimally, the technical tools that need to be introduced are used not only for compliance reasons, but also for efficiency and improvement.

Which framework conditions, among others, have an influence on the compliance requirements of a supply chain?

  • Regulatory requirements:
    Regulatory requirements for supply chains vary by industry and country. It is important that companies understand the specific requirements and ensure that they comply with them. The most common regulatory requirements include compliance with product standards, labour laws and tax regulations.

  • Process requirements:
    Compliance with process requirements, such as production processes, is critical. Companies need to ensure that their processes meet the minimum requirements of internal & external stakeholders, but are also effective and efficient. This includes monitoring suppliers and conducting audits to ensure they meet the required standards.

  • Contractual requirements:
    Contract compliance is also crucial. Companies must ensure that they comply with contracts with their suppliers and business partners and that they meet the agreed standards.

Combining regulatory obligations with existing supply chain processes is mandatory, but also critical to business and society.

The necessary combination of newly emerging or adapted regulatory frameworks with existing processes poses challenges for many companies. It is necessary to understand the new requirements and operationalise them to enable integration into existing processes.

KPMG Supply Chain Compliance Advisory journey

Based on the experience of our experts, we have developed a 5-step programme that can be individually adapted to your needs:

  1. Assessment & GAP analysis
    We carry out an analysis of the current situation and compare the results with the applicable regulations in order to identify areas that contain regulatory gaps, for example, but also efficiency potential.

  2. Strategy development
    Based on the results of the as-is analysis, we develop a comprehensive supply chain compliance strategy with you that addresses the main issues and defined business processes.

  3. Training & Education
    Together we develop tailor-made concepts for training your employees and relevant stakeholders to raise awareness of compliance issues in the supply chain and to support compliance management capacities.

  4. Implementation and monitoring
    KPMG actively supports you in implementing your compliance strategy, including developing compliance management systems, monitoring compliance performance and conducting regular audits and assessments.

  5. Technology-based solutions
    We advise you on the use of technology solutions to improve the efficiency, transparency, traceability and compliance management of your supply chain.

KPMG offers holistic consulting from a single source

In the area of compliance, the situation often arises where new regulatory requirements affect not just one area, but several, such as tax. KPMG works across divisional boundaries and bundles the necessary competencies to offer solutions that are optimally tailored to your needs.

KPMG offers extensive experience and expertise in Supply Chain Compliance Advisory, combining advanced technology, data analytics and expertise to provide you with actionable insights and recommendations across the supply chain.

We look forward to hearing from you.