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

A 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

A company's risk increases along with the length of its supply chain. There is a risk of subpar performance with every new supplier. The quality of the parts and components that are delivered might suffer from inadequate supervision. Before an issue arises, a supplier audit is a good technique to a

What Are the Benefits of Supplier Audits?Choosing the right supplier is crucial when businesses expand the length of their supply chain. The reputation and quality of a provider will enable smooth operations and minimize any risks or potential problems. As a result, a supplier audit is crucial to ai