We understand that your biggest concern with a new contract is your choice of vendor. Vendor assessments and audits give you crucial information about a vendors' capabilities, machinery, management systems, and other factors that can affect whether you give them your business.
What we do.
We've developed a simple approach to vendor assessments and audits that make the process as efficient as possible.
Our vendor assessments comprise a set of questions specific to your particular sector. These criteria audit threats to the following vendor processes:
- The vendor organisation
- Quality management system
- Product inspections
- Equipment required for inspections
- In-process inspections
- Corrective actions
- Capability to deliver
We also have extensive experience running vendor risk assessments through our audits of vendors around the world. Our SMART inspection vendor assessment/audit scheme gives you the ability to assess vendors against leading practice. This also allows the vendors to identify their weaknesses. This minimises risk and reduces your uncertainty, which improves reliability, safety, and overall business performance across your supply chain.
Who we work with
We help businesses across dozens of sectors push forward and achieve like never before. How can we help you?
Terex Trucks: Setting industry firsts for enhanced business.
Setting industry firsts. Certification to revised quality and environmental standards, ISO 9001:2015 and ISO 14001:2015. Read more in our case study.
What we think
LR's experts regularly share their research and insights.