Smart inspection

Our Smart inspection services reduce the inherent risks involved in the vendor selection processes bringing confidence to stakeholders.

Our Smart inspection services reduce the inherent risks involved in the vendor selection processes bringing confidence to stakeholders.

To work with our clients and add real value to the vendor selection and control process, Lloyd's Register has developed a Smart inspection vendor risk rating and assessment scheme. This assists our clients in evaluating their vendors against leading practice, and also to give vendors a tool to target their own internal weaknesses, thereby minimising risk and reducing uncertainty, improving reliability, safety and hence business performance.

Smart inspection is based on 3 models:  

1. Equipment criticality ratings (Consequence modelling)
   

2. Vendor risk assessment
   

3. Smart tailored Inspection Test Plans

(mitigating the risks identified in the equipment and vendor assessments).

By both buyer and seller understanding the critical elements of the supply chain needed to successfully deliver a single piece of equipment or a whole project, confidence is given to project stakeholders that the equipment or project will be delivered safely to specification, on time and to budget. This can most effectively be achieved by all parties working together to identify and mitigate at the very beginning critical paths and potential weaknesses. Once identified they can be dealt with through selected and focused interventions. A Win – Win for all involved.

What is the value of choosing Lloyd’s Register?

Clients benefit from our technical expertise, knowledge, experience and our independence.  With no institutional or private shareholders, we are able to make technical decisions free of commercial and political pressure. Around the world, we work with manufacturers, engineering procurement construction contractors and asset owners to help them operate with confidence and a network reach across 240 offices globally ensures we can meet your local demands no matter where you are located, or the geographical scope of your project.

By choosing Lloyd's Register as your technical expert, you send a clear message to your stakeholders that your business is committed to meeting its social and economic responsibilities, safely.  Our teams comprise specialists with an in-depth knowledge and understanding of all the materials, components, equipment, systems, human behaviour and operational complexities involved with manufacturing, including Quality, Health, Safety, Environment and Risk Management.  We provide this expertise across the supply chain and it is this insight which can help your business gain increased returns from improved safety, performance and higher production rates.

For more information on this service click here.