CAG, IIM sign pact on logistics, inventory & SCM

The Comptroller and Auditor General (CAG) of India and the Indian Institute of Management, Mumbai signed MoU to enhance the efficiency and transparency of public sector logistics, supply chain and inventory management. The agreement was signed in the presence of CAG K Sanjay Murthy and Director of IIM Mumbai Manoj Tiwari, the release stated. “This MoU represents an initiative spearheaded by CAG of India, to actively engage with institutes of national importance, such as IIM Mumbai, excelling in various areas, to enhance the capacity building of Indian Audit and Accounts Department (IAAD) officials said. By collaborating with such prestigious institutions, the CAG aims to strengthen the auditing capabilities and improve resource management across government departments and public sector enterprises, the release said. The MoU  focuses on leveraging IIM Mumbai’s academic expertise to support the CAG in refining audit methodologies for logistics, supply chains, and inventory management.