Digital Assessments is the Ultimate Solution for Canceled Supplier Audits

With the business organizations adjusting to a strange new normal brought on by the coronavirus pandemic situation, owners are prioritizing societal well-being while ensuring business continuity. The secret to success during such tough times is increased focus on the health and visibility of suppliers so that they can give their best to mitigate supply chain disruptions and conduct quality audits. However, as owners are bound to follow the new travel restrictions and quarantine norms, they are unable to send their supplier auditors to various places for on-site supplier audits. This might expose the organizations to various risks, inhibiting business processes and making it difficult for organizations to remain affluent in the competitive space.

Canceling supplier audits can be dangerous

Supplier audit is a critical business task that allows owners to gain insight into codes of conduct, sustainability performances, and brand values for the compliance of the suppliers. While you cannot blame it all upon the organizations for canceling supplier audits during the pandemic, the organizational owners also need to understand the value of conducting these audits. Supplier audits help business owners to understand the actual reason behind any product-related issue and it is like having a great plan in place when things go the other way.

When supplier auditors become powerless they fail to benefit the organizations in a way and that leads to negative results. The primary task of the supplier auditors is to help owners gain visibility into supply chain performances. When auditors fail to do their task it impacts the business negatively and uncovers the organization’s ability to respond to new problems. These issues, in turn, affect the business continuity in both long-term and short-term resiliency.

Now, the pandemic situation has made the suppliers face their demands of increased customer demands for specific products. Suppliers are expected to deliver products beyond the normal capacity which poses the greatest threat to a supplier’s work strategy. Whether they are pushing hard to meet the increased demand or trying their best to ramp up the limited capacity, taking shortcuts is a natural way for the procurement agents, which is also considered as the most effective way. No matter how well a supplier is managed or even if he has the best of intentions, he has to take help from shortcut methods to provide results. But operational compromises can become detrimental to the supplier’s visibility and existence. This is why making a fully resilient and digitalized supplier chain process can make things go the way required.

Digital assessments can be a solution

Making a fully automated supply chain process can serve as the best solution for a disrupted supply chain. Automated processes can help ramp up production with accurate results in place, while not always requiring human beings to perform all the tasks. Digital assessments can drive business harmony and sustainability, irrespective of the financial conditions. This will deliver actionable data while providing visibility to the industrial market and working as an effective alternative to on-site supplier audits during the pandemic situation.

These are the ways procurement agents can help organizations remain stable in a disrupted world.