Vendor Assessment Audit
Vendor Assessment Audit
Vendor assessment audits also known as supplier audits allows to gather important information about suppliers handling facilities, safety implementation, capabilities, machinery and management systems and help to evaluate the positive and negative sides of supplier and provide details to continue as a part of clients supply chain.
Our vendor audits are tailored specifically for client nature of work and look at positive threats to supplier processes.
Our vendor assessment audit is conducted with respect to client specific – or project-specific requirements and/or according to international assessment scope in accordance with ISO system. We further offer to extended audit version to include an assessment of vendor quality management. Our audit is typically carried out in the following four phases:
Prerequisite
Together with the buyer, we complete a technical questionnaire based on each supplier’s profile, references, and a list of specific characteristics.
Assessment
After thorough planning and coordination, our auditors conduct on-site examination, audit and assessment of vendors and subcontractors.
Evaluation
According to the results of the vendor audits, we provide a customized evaluation matrix based on a traceable and non-discriminating model in order to list suppliers according to their performance and outlining potential areas of weakness and bottlenecks.
Conclusion along with continual improvement
Our experts prequalify global suppliers based on the evaluation matrix, preparing a bidder’s shortlist of capable suppliers prior to purchase. Additionally, it is possible to identify sub-standard suppliers and give recommendations to help them improve quality to an acceptable level.
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