SERVICES | RISK MITIGATION | SUPPLY CHAIN AUDITING
SUPPLY CHAIN AUDITING
PICA Corporation performs thousands of supply chain audits on third-party contract manufacturers each year. The audit examines if the contract manufacturer is acting in accordance with all contracts and agreements. During an audit PICA inspects the following areas:
Health and Safety:
- Verifies working conditions are in guideline with the Health & Safety Code and SA8000 (Social Accountability) Standards
Information Security:
- Reviews personnel records and IP
- Verifies confidential company information is stored securely
Materials:
- Verifies inventory accuracy in accordance with contract
- Verifies that disposal of obsolete and/or damaged product is in accordance with the contract
- Management of excess inventory
Personnel:
- Interviews facility managers and personnel responsible for manufacturing facilities identifying variances between prescribed and actual practices
Physical Security:
- Identifies exposures in access control, CCTV, and intruder systems
- Identifies vulnerability of “backdoor theft”
- Quantifies and Prioritizes Loss Potential
*PICA also prepare clients seeking ISO 28000 Certification.
CASE STUDY
PICA CONDUCTS SUPPLY CHAIN AUDITS EXPOSING ILLEGAL WORKERS
In three years, PICA has performed just shy of nine thousand audits for one client. The audits inspect nearly every aspect of the supply chain. Including but not limited to the following:
Vetting of New Manufacturers
- Risk Assessment of facility security
- Verification working conditions are in guideline with the Health & Safety Code and SA8000 (Social Accountability) Standards
- Identification of the third-party manufacturer’s existing customer base
- Verification of company/owner credentials
Regular Biannual Audit:
- Risk Assessment of facility security
- Verification working conditions are in guideline with the Health & Safety Code and SA8000 (Social Accountability) Standards
- Identification of the third-party manufacturer’s existing customer base
- Verification of company/owner credentials
- Confirmation and examination of existing contractual agreement between manufacturer and the Client
- Verification of manufacturing flow
- Verification of inventory accuracy in accordance with contract/agreement
- Verification of utilization of materials and flow of finished goods
- Verification of possession and use of authorized trademark imprinting tools
- Identification of anomalies
If an anomaly is discovered it is raised immediately to the client.
Specific Threat Audit:
- Investigation of anomalies identified by PICA and/or PICA’s Client.
Risks Identified:
- Illegal workers
- Unsafe working conditions
- Poor physical security
MITIGATING RISK & SECURING BUSINESS
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