01 / PREVENT
Procurement Risk Prevention
Reduce avoidable risks before committing to a supplier, sending funds or shipping goods.
THE CHALLENGE
Make important decisions with better information.
Cross-border procurement can involve unfamiliar counterparties, unclear specifications, changing payment details, inconsistent documentation and limited visibility into production. Early checks and clear records can help a buyer identify questions before a problem becomes expensive.
Supplier Due Diligence
Coordinate collection and review of available company information, contracting-party details, business credentials and transaction-specific red flags. Findings depend on available records and should not be treated as a guarantee of performance or legitimacy.
- Identify the proposed contracting entity.
- Compare company, invoice and bank-account details.
- Organize open questions for follow-up verification.
English Commercial Contracts
Help organize commercial requirements for review by the appropriate contract professional, including product specifications, delivery milestones, inspection, acceptance, payment triggers and remedies.
- Clarify what is being purchased and how conformity is measured.
- Record delivery, inspection and acceptance procedures.
- Flag terms that may need qualified legal review.
Pre-shipment Inspection Coordination
Coordinate practical arrangements with an independent inspection provider where appropriate, including timing, inspection scope, reference specifications and report collection.
- Agree on inspection timing and checklist.
- Coordinate access and sample or photo records.
- Collect the report for the buyer's decision.
Typical deliverables
A due-diligence information summary, procurement risk checklist, documented questions for the supplier, commercial requirements list, and/or inspection coordination record, depending on the agreed scope.
How it works
1. Share the transaction background and available documents. 2. Agree on scope, responsible providers, timing and fees. 3. Collect and organize information or coordinate third-party checks. 4. Receive a practical summary of findings and outstanding questions.
Service boundaries
LYU ADVISORY provides commercial coordination and information-organization services within the agreed scope. Formal legal opinions, regulated legal work, audit, tax advice, certification and inspection must be provided by appropriately qualified or authorized professionals where required. No due-diligence process can eliminate all risk.
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