Len Simmons, Chief Operating Officer for compliance specialist Altius VA, discusses ways to improving your contractor auditing practices.
Build a capable team that you can trust to audit, input data and analyse as effectively as possible and provide the right tools for your team. This doesn’t just include your internal supply chain software, but also the templates/questionnaires/audit forms that your team will have to complete for each contractor.
How often you hold audits should depend on the size of your supply chain, according to Len, and to maximise the benefits of your audit and the standards of your organisation, it is essential to audit your suppliers based on the same factors.
In addition, once the auditing process has been completed, you should bring that data together to ensure that consistent results are achieved and reports can be made to share results with the relevant people in your organisation.
Finally, you should think about how many audits were completed on time, how long the average audit report took to turn around, how long it took for corrective action closure and how many overdue corrective actions on average you had. Therefore, you and your team can decide where improvements are required to fine tune your auditing process.
You can download the Altius VA Best Practice Guide to supply Chain Compliance.
Phone: 01332 960320
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