A Supplier Audit & verification is an essential step in securing your supply chain when selecting new suppliers. In-house inspectors conduct an on-site evaluation of the factory to check the backgrounds of your prospective suppliers against certain internationally recognized standards that help you understand the level of reliability of your supplier. They perform an independent assessment of your supplier’s capability, capacity, credentials, facilities, quality management system, production line management, workforce, and more.
Supplier Audit & Verification is a specially designed audit that checks your potential suppliers against certain internationally recognized standards. The suppliers who pass the supplier audit are vendors who are working according to the highest industry standards. Subsequently, successful factory audits ensure that the vendors are able to provide a continuous supply of high-quality materials and services throughout the term of your partnership.
Once you have identified the risks associated with your prospective supplier, we work with you to mitigate these risks and help improve your chances of a successful business relationship. Our supplier audits and verification services can be used at any stage of the supplier relationship, from pre-contractual due diligence to ongoing monitoring of key suppliers. We can also provide customized solutions to meet your specific needs.
There are many benefits to conducting supplier audits and verification, including:
Supplier audit & verification is important in maintaining the quality of your supply chain and preventing problems down the line. A successful supplier audit & verification will enable your organization to:
A team of highly-trained auditors is selected for the Factory audits. The auditors will visit the supplier’s premises and assess their operation against internationally recognized standards. The assessment covers all aspects of the supplier’s business, from their financial stability to the working conditions in their factories.
The process includes:
The audit report is then compiled and presented to the client. The report includes a list of findings and recommendations. It is up to the client to decide whether or not to take action on the recommendations.
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