This engagement involved identifying operational and legal risks embedded in the procurement, purchasing, and payment processes and developing a standardized operational framework to support the client's sustainable growth.

The client, a company primarily engaged in the fashion distribution business, faced challenges in maintaining operational consistency and managing risk because its procurement functions relied heavily on the experience and capabilities of individual employees.

Accordingly, the client retained One Law Partners, LLC to review its procurement and purchasing processes and strengthen its internal control system.

Under the leadership of Attorney Ji Heon Oh, Head of the ESG Center, One Law Partners, LLC conducted a comprehensive review of the client's existing operations and systematically analyzed the entire procurement process, including product planning, sourcing, contracting, purchase ordering, and payment procedures.

The firm first established objective standards and standardized procedures for product planning and sourcing activities that had previously depended largely on the experience of individual personnel.

In addition, informal business practices that had developed operationally over time were analyzed and formalized, and recommendations were provided to support process standardization and operational improvement.

The firm also developed and refined practical templates, including checklists, contracts, and purchase order forms, tailored to the client's business characteristics.
This enabled the client to establish a system designed to minimize contractual disputes and legal risks.

Furthermore, payment procedures were reviewed from tax and accounting perspectives, and potential risk factors such as overbilling, duplicate payments, and omitted approval procedures were identified.

Based on this review, recommendations were made regarding internal control principles and approval systems.

This engagement represents a comprehensive business operations improvement project encompassing procurement process standardization, internal control enhancement, contract risk management, and payment process optimization, extending beyond traditional legal review.

The advisory work is particularly significant because it proactively identified and addressed the legal and financial risks that fashion distribution companies may face in procurement, purchasing, and settlement processes, thereby contributing to increased operational efficiency, compliance framework development, and stronger internal controls.

The ESG Center of One Law Partners, LLC provides a wide range of legal advisory and strategic consulting services designed to support efficient management practices while considering environmental, social, and governance factors.

One Law Partners, LLC remains committed to providing tailored legal services covering all aspects of corporate operations, from business process diagnostics to compliance advisory services.

Attorney Ji Heon Oh | jhoh@onelawpartners.com
 

Public Relations Team, One Law Partners, LLC | pr@onelawpartners.com