Vendor Audits / Supplier Evaluation
Our supplier audit service evaluates vendor competency and ensures quality assurance across key operational areas including:
- Organizational structure & personnel qualifications
- QA/QC documentation (SOPs, QMS, contracts)
- Regulatory and client-specific compliance
- Performance metrics, previous audits, and corrective actions
Second-party inspection is conducted by a customer or a company that has a direct interest in the product, such as a buyer inspecting a supplier's goods to ensure they meet contract requirements.
Third-party inspection, on the other hand, is performed by an independent organization that has no interest in the transaction between buyer and seller. These inspections are common in industrial sectors such as manufacturing, oil and gas, and construction to ensure compliance with standards, specifications, and safety regulations.
Benefits of Vendor Audits / Supplier Evaluation
Verifies that suppliers meet required quality standards, regulatory requirements, and contractual obligations before and during the engagement.
Helps detect potential issues in supplier processes, such as poor quality control, lack of capacity, or non-compliance, before they impact your operations.
Regular evaluations encourage continuous improvement, accountability, and better alignment with your company's standards and expectations.
Helps ensure that vendors can deliver consistent products or services, reducing the risk of delays, defects, or disruptions.
Provides data-driven insights to select, approve, or delist suppliers, optimizing procurement strategies and enhancing cost-effectiveness.
