A supplier audit plan should be risk-based and address three overarching areas: Area No. 1: Business system aspects most important to your business and/or supply. Audits should look at the business systems that are affecting the performance shortfalls of the supplier and ensure action is being taken
Read MoreA supplier audit is a process of assessing the suppliers in your supply chain to ensure they meet industry standards and your specific requirements. Supplier audits provide businesses with the insight needed to ensure compliance, mitigate risk and improve performance across supplier networks.Supplie
Read MorePlanning for a Supplier AuditIt is recommended to follow a risk-based approach to supplier audits, which should account for the established supplier audit methodology. Supplier audits interpret risk by identifying the applicable requirements and ensuring communication with the supplier’s management
Read More10 items to include in supplier audit checklists template Supplier audits consist of the assessment of both generic processes and specific processes based on the supplier category. Because the specific questions vary from one industry to another and even within companies, the flexibility to edit you
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