Supplier
Audits

A supplier audit provides a comprehensive look at supply chain performance to identify winners and losers. Suppliers can have a significant effect on the cost of quality. Many of the factors that contribute to the Cost of Poor Quality (COPQ) stem from supplier-related activities.

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As a company’s supply chain grows, so too does its risk. With every new supplier comes the threat of poor performance.  Without proper oversight, the quality of supplied parts and components can slip through the cracks. A supplier audit is an effective way to examine the quality of a particular supplier and the risk it presents to the organization before it becomes a problem. Companies can improve their overall quality by ensuring their supplier’s product quality and delivery standards remain high – something a supplier audit seeks to establish.