A second-party audit is an external audit performed on a supplier by a customer or by a contracted organization on behalf of a customer. A contract is in place, and the goods or services are being, or will be, delivered.

An external audit (second party audit), is an audit of another organizational quality program not under the direct control or within the organizational structure of the auditing organization. External auditing is usually performed by the customer upon its suppliers (or potential suppliers) to determine whether or not the supplier can meet existing or proposed contractual requirements. The supplier quality system is a very important part of contractual requirements since it is directly (manufacturing, engineering, purchasing, quality control, etc.) and indirectly (marketing, inside and outside sales, etc.) responsible for the design, production, control and continued supportability of the product. Although external audits (second party audits) are usually conducted by customers on their suppliers, it is sometimes beneficial for the customer to contract with an independent quality auditor. This action helps to promote an image of fairness and objectivity on the part of the customer.

Guidelines for an external audit to ensure quality assurance specify the policies and procedures associated with assessing and verifying the reported data. External audit report guidelines examine the underlying systems. Quality management professionals execute compliance or operational audits to help companies manage risk and control quality.

Requirements for External Audits:

• Inspections/Audits of Other Facilities
• Current Good Tissue Practice requirements © Compliance with applicable requirements (1) Manufacturing arrangements (iii)

Benefits of a Second Party Audit

ISO Servicess helps & enables companies to improve quality, reduce costs and identify operational and compliance risks by providing the observations, opportunities for improvements by conducting effective external audits (second party audits) to ensure that findings are reported and addressed in a timely and effective manner. It enables your organization to take a best practices approach to compliance and risk management via an external audit report and supports your external audit program using an enterprise quality management system.

ISO Services is one of the largest and leading consultants in India We provide quick, result oriented and easy to implement consultation and training for various ISO standards.

Contact us at info@isoservices.co.in to get second party audits for your esteemed clients & other interested parties.

Inventory is an idle stock of physical goods that contain an economic value, and are held in various forms by an organization in its custody awaiting packing, processing, transformation, use or sale in a future point of time.

Any organization which is into production, trading, sale, and service of a product will necessarily hold stock of various physical resources to aid in future consumption and sale. While inventory is a necessary evil of any such business, it may be noted that the organizations hold inventories for various reasons, which include speculative purposes, functional purposes, physical necessities etc.

What is ‘Inventory Management’

Inventory management refers to the process of ordering, storing and using a company’s inventory: raw materials, components, and finished products.

A company’s inventory is one of its most valuable assets. In retail, manufacturing, food service and other inventory-intensive sectors, a company’s inputs and finished products are the core of its business, and a shortage of inventory when and where it’s needed can be extremely detrimental. At the same time, inventory can be thought of as a liability (if not in an accounting sense). A large inventory carries the risk of spoilage, theft, damage, or shifts in demand. Inventory must be insured, and if it is not sold in time it may have to be disposed of at clearance prices – or simply destroyed.

For these reasons, inventory management is important for businesses of any size. Knowing when to restock certain items, what amounts to purchase or produce, what price to pay – as well as when to sell and at what price – can easily become complex decisions. Small businesses will often keep track of stock manually and determine to reorder points and quantities using Excel formulas.

For companies with complex supply chains and manufacturing processes, balancing the risks of inventory gluts and shortages is especially difficult. To achieve these balances, organization are going to inventory management implementation, training & audits.

From the above definition, the following points stand out with reference to inventory:

• All organizations engaged in production or sale of products hold inventory in one form or other.
• Inventory can be in complete state or incomplete state.
• Inventory is held to facilitate future consumption, sale or further processing/value addition.
• All inventoried resources have economic value and can be considered as assets of the organization.

ISO Services is one of the largest and leading Inventory Management, Training & Auditing consultants in India We provide quick, result oriented and easy to implement consultation and training for Inventory Management.

Contact us at info@isoservices.co.in to get your organization Inventory Audits.

Process Improvement is a commonplace across organizations today. Due to increased pressures on productivity and reduction of operating expenses, there is an augmented focus on Overall Equipment Effectiveness or OEE, which reduces equipment breakdown times.

If you are looking for an expert consultant for Process Improvement, we are there to make the task achievable for you! Since it is an area of specialization, you need someone who is a specialist in it. Being an entrepreneur, it is not the core area of yours. Expert consultants like ours know it at length and breadth. With a rich experience of training a large number of leading corporate houses spanning across PAN INDIA.

When you enroll with us, a team of seasoned and expert trainers imparts not only theoretical concepts; but a thorough understanding of Process Improvement from the practical perspective. We teach you the ways of saving operating costs by implementing advanced concepts of Process Improvement.

• We give basic and detailed understanding of OEE
• Maintenance types and purpose
• Process Improvement basic and detailed understanding (5S, Kaizen, Poka-Yoke, Y-Y Analysis, CAPA, Risk Assessment, 8D, etc.

It is greatly important that organizations operate with optimal productivity because economic feasibility is utmost important.

As operating cost becomes a matter of concern in the modern business environment, elimination of waste becomes a premium business skill. No wonder, organizations adopt new-age concepts like Process Improvement that helps in achieving operational excellence by continuous improvement system (Kaizen). It is possible to develop competencies on waste elimination by mastering Kaizen by making small but incremental change routinely. Sustaining the same for a long time is the key to success. It is possible to achieve incredible change by improving the processes gradually.

We inculcate a revolutionary thought process so that you imbibe quality concepts in everything that you do at the workplace. It is kind of cultural change in the organization. Call us today for achieving the best quality training that makes certification quite achievable.