Request For Proposal
Introduction
Medix Company, a private company, produces and markets various medical surgical things and devices. Industrialized facilities manufacturing medical equipment are located in three main states. Distribution facilities are located in the three top urban areas. Sales are completed in the course of an outsourced transaction union. In the monetary year finished January 31, 2015, net revenues were roughly $5.5 billion and assets surpassed $6.5 billion. Additional information is accessible on our Web site at www.medixcompany.com.
The company has been established way back 1990. It makes its name in the global market by providing quality medical equipments to both private and public hospitals in the country. Apart from that, it also offers medical products to be used by the students practicing medicine or health related course. Owned and controlled by a family, the business has been operating for 20 years and is currently the leading producer and manufacturer of medical products. So far the business boomed for the past years as there is a constant increase in the demand for medical products. It has been established that medical equipments continue to be a necessity by people and nations worldwide as it aids in the sustenance of life. Therefore, the business’ financial stability has been growing so far and it is making its name in the global market.
The company also reaped and earned itself quality management awards given by SGS, the premier quality management body in the market. This only shows the business stability in the market competition. The consumers are well assured of the quality of its products because they are not only after the profit but also the consumers’ satisfaction. This has been proven also by the rise in the demand of their products as well as services. The business has a well planned location. It is situated in the middle of big establishments as well as prominent hospitals in the region. This makes it great for the business to maintain high profits and will not lose its reputation as a trusted provider of medical equipment.
The company has good and reliable employees who are also licensed and trained. Since the nature of the company is medical, most of the workers are graduates of health-related course or if not, have knowledge of medical subjects or expertise. On the other hand, to cater to its marketing and accounting sides, the business also has employees who are hands on in their tasks which produce a mark of dependable workers. Apart from their salaries, they also enjoy wide range of benefits that extend from health related to insurance. Because of their belief that human resources play an important role in the success of an organization or business, they give high priority to their human resources; thus, giving them the benefits and assurance of satisfaction in the workplace.
The Request for Proposal
The company has an internal audit services which is called as the Internal Audit Services Department comprising of professionals, counting the vice president who submits reports to the president or chief executive officer (CEO). Meanwhile the vice president has right of entry to the affairs chairman of the board and the audit board.
The audit role offers a self-regulating assessment of key monetary and equipped controls. This department also provides finest activities that endorse operational competence and cost saving prospects. Usually, their audit plan and activity is the outcome of their risk assessment conducted yearly.
The business therefore wants to propose for an external quality assessment of Internal Audit Services of Medix Company. The selected independent party will:
Evaluate the IA Activity’s consistency to The Institute of Internal Auditor’s International Standards for the Professional Practice of Internal Auditing.
Appraise the IA Activity’s competence and efficacy in carrying out its mission
The retort to this RFP ought to recognize the relationship and qualifications of the review team and the important information from them. The evaluation group will comprise of developed internal audit familiarity.
The review will be off the record, with the assessed outcomes only made available to chosen Medix Company representatives. The self-governing party shall organize a report in black and white upon conclusion of the outer quality evaluation that is directed to the CEO and the appraisal board. The external quality assessment results will be presented to the whole members of the company which will be carried out by the review board.
This project should be executed next month with the initial proposal submitted by April 2016 and the final report on May 2016. Cost should take account of the rate, plus any anticipated and projected expenses.
The scheme for the external quality assessment must be presented to the administration by March 2016. Interior auditing and the company’s value appraisal supervision committee, which consists of their chief economic officer, chief legal representative, and an affiliate of their review committee, will examine and analyze each proposal. Assortment of the supplier purveyor is tentatively set for May 2016.
The ones to be assessed in the company are its implementation of the selection of equipment which will be sold by them. They will look into the established provider of raw materials which will be used by the company in producing medical gadgets and equipment. Another one to point to is its human resources. Does the business really have licensed and reliable workers? Does it also give continuous training to its employees as part of making them competent employees and a continuous education for them? The external audit shall also look into the competence of the internal audit. The members of this internal audit shall also be competent and have the know-how of being an auditor. These members should have come from chosen and respected professionals in their field of expertise. The salaries of the members of this external audit shall come from the accumulated profits of the business itself. This external audit shall be conducted annually at the end of the year.
This will be an effective instrument for evaluating companies or agencies. It gives an idea of an agency’s past activities, and these can notify fairly of what’s going else to happen in the business. In here, Medix Company is indeed investing in its future, something every company should look into when considering a long term name in the business sector. And that prospect is more probable to be an indication of the business’ leadership’s visualization, the people it employs, and their readiness to hold close of what’s imminent relatively than protect what’s been.
