What are Second Party services?
Second Party services provide tailored or bespoke solutions to help manage your operational risks, suppliers and supply chain risks. Second Party services can range from total supply chain management and supplier evaluation to performance, surveillance audits and product verification.
Benefits of Second Party services
It is becoming more important to protect your organization against operational, suppliers and supply chain risks. Lloyd's Register's Second Party services is a solution-based service that will provide assurance to your organization that your risks are effectively managed and controlled.
- Managing costs
By managing your risks you are reducing unnecessary costs and therefore increasing profitability. A failure in your operations and/or supply chain may lead to a detrimental loss of business and revenue. Second Party services can provide the means for your organization to operate efficiently and reduce operational and supply chain impacts to your bottom line.
Second Party services will identify the risks to ensure quality and continuity of supply of your products or services. Additionally, the safety of your employees and other stakeholders can be incorporated into the Second Party service to ensure your organization’s social and ethical commitments are achieved to protect your employees, brand and reputation.
- Continuity of supply
There are many factors that can have an impact on continuity of supply, e.g., theft, fraud or natural disasters. Effective Second Party service measures will ensure that relevant risks have been identified and that suitable mitigation measures are implemented to reduce the impact on operational capability and supply.
Globalization of organizations and supply chains has resulted in organizations having to comply with many different local legislation requirements. Effective Second Party service measures will enable you to maintain compliance with local legislation and help reduce any impacts on supply capability.
Why choose LR for Second Party services
- Technical Knowledge
Lloyd’s Register have over 250 years’ operational risk management, verification and auditing experience. With over 25 years’ international experience of management system certification, LR has global resource capability to provide support and expertise to help you with the management of your supply chain risks.
- Capability Evaluation
LR can provide an end-to-end flexible service tailored to address your organizational requirements. These services can range from total supply chain management, supplier evaluation, performance and surveillance audits and product verification.
- Global Resource
LR is an established global verification, inspection and auditing organization with resources in over 120 countries. We can provide Second Party services in any country or region using our network of auditors and engineers who have a full understanding of local customs, languages and requirements.
- The VIA Program
LR’s Verification, Inspection and Audit (VIA) programme is used to assess and evaluate supply chain performance. The VIA program is an online portal that is specifically tailored to your bespoke requirements, which can be used to assess and identify risks within your supply chain.