It’s important to have effective and robust controls for the appointment and management of suppliers, particularly for those that provide their services at a distance from their customer. These controls have become even more important following the Covid pandemic which has reduced the number of face-to-face meetings and increased the likelihood of remote suppliers working in isolation from their customers for protracted periods, and in some cases for the entire duration of a project. Organisations should periodically audit their suppliers as part of their ongoing supplier management processes. Some issues that need to be addressed include:
Have checks been made to make sure the supplier has the skills, experience and resources to satisfactorily perform its expected services?
Has the supplier agreement’s commercial model recently been benchmarked against prevailing market norms?
Do any of the suppliers’ owners, directors or key management have any relationship with a Political Party or Public Official?
These and other pertinent questions need to be asked in order to help you evaluate the efficiency and stability of suppliers and thereby reduce the risks to your own operation.
Let Crescus help you develop thorough supplier audit processes that will bolster the adoption of quality standards throughout the whole supply chain. Your own customers will be supportive of this.
This website uses cookies to improve your experience; you are providing your implied consent to this by continuing to use this website AcceptOtherwise, please leave this website. To see our Privacy, Use of Cookies and Legal statements - Read More
Privacy, Cookies & Legal
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.