Supplier Assurance

FastTrack.net features include:

  • Compliance Assurance Strategies (CAS)
  • Compliance Assurance Plans (CAP)
  • Risk Hazard Index based Surveillance levels
  • Scheduled Periodic Reviews
  • Comprehensive security model

When managing multi-million dollar contracts, administration delays and oversight breaches can carry a high cost. With Fast Track you can manage the compliance assurance planning processes at both a strategic and operational level. You gain document conferencing and networking, support documentation, version control, and plan consolidation - producing a comprehensive framework for corporate planning. You also get a more responsive, flexible tool that makes it easier to control change and cross reference. That saves senior executives' time on administrative tasks and enables management to better adap to change. 

Compliance Assurance Plans (CAP)

  • Compliance Assurance Strategies (CAS)
  • Compliance Assurance Plans (CAP)
  • Risk Hazard
  • Index-based Surveillance levels
  • Scheduled Periodic Reviews
  • Comprehensive security model

Fast Track manages the Compliance Assurance Planning processes at both a Strategic and Operational level. Document conferencing and networking, support documentation, version control and plan consolidation produce a comprehensive framework for corporate planning. Ease of controlled change and cross referencing creates a more responsive and flexible approach to planning and allows for more adaptive corporate management. Also streamlining the planning reduces the administrative workload on senior executives.

Suppliers' Role Requirements

  • Email Reminders and escalation on overdue commitments
  • Commitments Matrix
  • Schedules of Clause Requirements by date
  • History of commitments and actions

Two way linking provides lists of contracts per commitment as well as commitments per contract. This provides information for consolidation of resources and negotiation collateral for product and professional insurance cover.Contractual Requirements tracks individual commitments embodied in contracts entered into. Periodic and one-off commitments are scheduled, diarised, reminders sent and escalations raised on overdue commitments.

Compliance Assurance Templates

  • Version control & change history
  • Workflow of revisions, review & approvals
  • Email referral with diary reminders
  • Revisions marking and comments
  • Multiple editors and reviewer

Compliance Assurance Templates is a Document Control function for Approval Certificates and correspondence. It carries out change management through automated workflows, version tracking, publishing, distribution and disposal of internally developed Quality and Technical documents, all within a comprehensive security model to ensure integrity and published information. Generating Compliance Assurance Documentation from formal version controlled templates not only saves time in preparing contracts but can prevent expensive mistakes from the inadvertent use of out of date documentations.

Organisation Approvals

  • Electronic Organisation Approvals Workflows
  • Assessment Criteria, Guidelines & Questions
  • Assessment Review Scheduling
  • Organisation Certificates and Letters of Approval
  • Personal Certificates and Letters of Approval
  • Risk Assessment & Rating
  • Summary Reporting

This function tracks the preparation, holding, and issue of Organisation Approvals & Personal Certification. It takes inputs from Compliance Assurance activities and outputs Certificates and Letters of Approval. Using Risk Assessment processes for rating responses and maintaining a database of Suppliers provides a future purchasing intelligence. By formally managing the whole Approval process, due diligence, probity and transparency of each Supplier can be assured.

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