In this week's Friday Feature, we ask Richard Green, Managing Director of Kingsway Consultancy Services, whether companies should carry out audits on the extended supply chain.
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Video Transcription:
Should companies be carrying out audits on their extended supply chains?
"My preference is always to conduct second party audits ourselves, certainly for business critical materials for suppliers. I would always make the time to go and visit the supplier and assess not just the product and the service, but also the management system that is delivering that.
I would make sure that the management system is resilient and that it is operating how I would want it to operate. I don't think that anything has happened recently to remove that requirement.
I would still stress for business critical requirements that there is no substitute for going out to your supplier and having a proper look at how operations are being managed and how the products or services you are buying is being developed."
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