The
comptroller and Auditor General (CAG) of India and the Indian Institute of
Management, Mumbai, on Tuesday signed an agreement to enhance the efficiency
and transparency of public sector logistics, supply chain and inventory
management.The Memorandum of
Understanding (MoU) was signed in the presence of CAG K Sanjay Murthy and
Director of IIM Mumbai Manoj Tiwari. By collaborating with such
institutions, the CAG aims to strengthen the auditing capabilities and improve
resource management across government departments and public sector
enterprises.
The MoU, the CAG office said,
focuses on leveraging IIM Mumbai’s academic expertise to support the CAG in
refining audit methodologies for logistics, supply chains, and inventory
management. Through this collaboration, IIM Mumbai will provide research,
advisory services, and specialised training aimed at optimising logistics and
supply chain practices in the public sector, it added. Additionally, the partnership
will help develop new audit frameworks to improve the assessment and management
of public sector operations.
To
kickstart this initiative, the release said, a customised training course for
45 CAG officials is scheduled to begin in the third week of April.
The
course is designed to equip CAG officials with the essential skills needed to
effectively audit and manage logistics and supply chain operations within the
public sector.