Second Party Auditing – Supply Chain

Today’s era is characterized by the imperative need for the provision of quality products and services. This introduces a new and growing form of business dependence on the supply chain – i.e. on the products and services received from suppliers. This dependence may activate mechanisms that have a positive impact in many business aspects such as compliance with standards and agreements, and in the optimization of stable and continuous cooperation that is to the benefit of both parties, etc. But such positive impacts of this dependence will only happen if the entire supply chain is efficient and effective - which means that suppliers provide products and services that fully conform with the requirements and standards of the company. This is also of vital importance because the supplied (from suppliers) products and services have in turn a direct impact on the products and services offered by the company to its own customers. 

The dependence of businesses on their supply chain associated with factors such as globalization, the need for cost rationalization and international subcontracting etc, does increase the degree of exposure of the company to risks associated with the supply chain. Such risks can be e.g. risks to corporate reputation, branding, and loss of customers/market share, warrantee returns etc. 

For companies to effectively meet this challenge and for reducing the degree of exposure to the aforementioned business risks, ISONIKE proposes and provide audit and inspection services of the supply chain (also known as second party audits).