8 Ways Supply Chain Audits Improve Supply Chain Management

A supply chain audit is the process of identifying the risks (or benefits) of using one supplier over another. It is also sometimes known as a “risk analysis,” and it’s one of the best ways to increase your business intelligence and supply chain visibility.

However, many companies still aren’t utilizing audits to their fullest potential within a supply chain management strategy. Some even eschew the process entirely, for reasons ranging from cost/benefit concerns, to time constraints, to unfamiliarity of the way an audit should be conducted.

8 TOP-TIER BENEFITS OF A SUPPLY CHAIN AUDIT

Supply chain audits reduce risk, provide better visibility, and help identify places where the links in your chain aren’t quite as strong as they should be.

Supply chain audits help you...