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How to Successfully Perform Supplier Audits

Learn exactly how to perform a successful buyer audit.

The benefits of a supplier audit are continuous improvement and long-lasting buyer seller relationships. A supplier audit will also evaluate issues related to the management systems and the processes. The purchasing audit is also a key element for the yearly supplier evaluation.

Runtime: 83 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Internal vs. External Audit Criteria

Step 1 Review Contracts, Delivery Specifications, Complaints, and Quality Standards

Step 2 Develop a Supplier Audit Checklist

  • Evaluation of Production (Manufacturing or Service) Facilities
  • Evaluation of Quality and Maintenance of Production Equipment
  • Assessment of Quality Control System (QC Related Activities)
  • Evaluation of Planning and Control System
  • Assessment of OSHA Compliance
  • Evaluation Employee Qualification System
  • Evaluation of Outsourcing Activities (If Relevant)
  • Evaluation of Subcontractors (If Relevant)
  • Assess Delivery Risk

Step 3 Execute Audit

  • Send Questionnaire to Supplier
  • Review Supplier Questionnaire
  • Schedule on-site Review
  • Conduct On-site Supplier Audit

Step 4 Issue Audit Report

  • Issue Observations and Recommendations to Buying Organization's Management
  • Issue Observations and Recommendations to Current or Potential Management

Fraud Exposure

  • The Purchasing Cycle
  • Administration
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

OnDemand Course

This course was last revised on February 4, 2020.

Call 1-866-352-9540 for further credit information.

  • ISM 1.25
     
  • Participants who successfully complete this program will receive 1.25 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

W.C. Benton, Jr.

W.C. Benton, Jr.

The Ohio State University

  • The Edwin D. Dodd professor of management, and professor of operations and supply chain management in the Fisher College of Business at The Ohio State University
  • Teaches courses in purchasing/supply management, manufacturing planning and control, operations analysis, facility design and the business of health care to M.B.A. and doctoral candidates
  • Partner in Supply Chain Solutions, a supply chain management consulting firm
  • Published more than 175 articles in the areas of purchasing management, inventory control, supply chain management, quality assurance, materials management and health care
  • Frequent speaker and recognized operations management researcher
  • Worked as a sourcing consultant for companies throughout the world, including Australia, Canada, India, New Zealand, Korea, Taiwan, Hong Kong, Japan, Vienna, and the United States
  • Served as an expert witness for the private and public sector procurement cases
  • Doctorate in operations and systems management, and quantitative business analysis, Indiana University in Bloomington, Indiana
  • Can be contacted at 614-292-8868, fisher.osu.edu/people/benton.1, or [email protected]
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

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Product ID: 406524
Published 2020
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