The questions you need to ask
Supply chain audits need to take in a broad spectrum of information. It’s not just about the obvious – what cybersecurity tools do they have in place, who is responsible for which process, what the contingency plans are – but also ‘softer’ information like where their offices are based and who their customers are. Supply chain audit solutions need to be able to collect all this data as efficiently as possible, which means that cloud-based solutions are often most appropriate. Third and fourth parties and beyond can respond to digital questionnaires with the information collated and aggregated automatically. The result is a snapshot view of the health – or risk – of the supply chain at any time.
The tool offers supply chain questionnaires, reports, and dashboards designed with insight from the industry experts within SureCloud’s Risk Advisory Practice and focuses on third party risks that can affect an organisation’s operational resilience, particularly given the impact on business operations at present. These components give businesses a time advantage as questionnaires can be sent directly to crucial suppliers in a matter of days, enabling a quicker understanding of affected products and/or services. This, in turn, helps measure the potential impacts posed by supplier risks and determine wider impacts on the supply chain.