7 Reasons your Supplier Needs a Full Monitoring Audit

A company’s reputation depends on an array of factors like product quality, customer services, managerial policies, and a lot more. If your organization’s brand name depends largely on the work of the suppliers then getting a full monitoring audit is the need of the hour.

Full monitoring audit involves a factory site inspection of the suppliers before the ordering process. As the SMEs are bound by time and budget constraints, they can count on third-party full monitoring services in Asia for best results. Here are the top reasons your supplier needs a full monitoring audit.

1. Highly quality materials on time

Full monitoring audit is generally a two-day process where the entire evaluation activities are conducted at the supplier’s area of production. The monitoring procedure involves identifying those areas that might cause potential delays. This makes the suppliers more vigilant about their work and drives them to deliver on time.

2. Value for money

The inspection companies that conduct full monitoring audit are good negotiators and ensure value for money by making the client’s objectives clear to the suppliers. The auditors check the purchasing practices and resource management of the suppliers to not only prevent cost overruns but also fosters coordination between the client and the suppliers.

3. Detailed status reports

The clients will be updated about the activities of the suppliers as the auditors will provide them periodic status reports to help them understand if the suppliers are meeting their specific business requirements.

4. Thoroughly check the supplier’s profile

It is important to evaluate the complete factory profile of the suppliers that includes checking the credibility of the business name, contact information, licenses/certifications etc.

5. Assess the company’s HR policies

A company’s work capabilities depend largely on the HR policies. The full monitoring process involves assessment of the company’s HR policies to make sure there are no malpractices involved.

6. Prevent rejection rates

As the auditors detect the loopholes during the production process, it increases the chances of preventing high rejection rates of the products saving a lot of recurring costs.

7. Ensure CAPA

Providing a Corrective Action Preventive Action (CAPA) plan also falls under the purview of full monitoring audits. After the completion of the evaluation process, they provide remedial measures to ensure a particular production practice is not repeated in future.

Other responsibilities involve investigating the final inspection, equipment testing, Corporate Social Responsibility (CSR), environmental stewardship, and many others.

Are you looking for low-cost audit services solutions for your suppliers? Get full monitoring audit and inspection services from the leading inspection company in China, Guangdong Inspection. Their services include furniture, solar panel, food products, electronic components, LED display test, and many others in the Philippines, Myanmar, Vietnam, and China. Contact now.