C3: Best Practices – Risk-Based Auditing in Supplier Quality Management - Angelo Scangas – (All)
Effectively managing supplier quality is a critical part of the business performance strategy for most organizations that rely on hundreds of suppliers that spread across the world. Global organizations are making significant investments in systems and processes to improve supplier quality, reduce lead time and increase transparency in their supply chain. Leading organizations have adopted multiple approaches to improve supplier collaboration and visibility. It includes real-time quality tracking, collaborative approach to automation of inspection and approval workflows, proactively implementing supplier corrective actions, supplier audits, implementing supplier scorecards for performance monitoring etc. These approaches have helped organizations significantly increase visibility into supplier quality and improve supplier responsibility.