Supplier Verification Services
Global Wits Consultancy Services is a quality assurance firm that supports companies in their effort to audit and evaluate their potential suppliers across the globe with comprehensive supplier verification (SV) services.
A SV audit is a supply chain due diligence exercise that evaluates if a potential vendor is legitimate before a partnership is formed. It helps a buyer determine the risk level and draw an overview of its qualifications. This assessment provides a buyer with the necessary information to make decisions on strategic partnerships.
Working with a poor supplier can have very costly consequences for a buyer such as exposure to fraud, supply chain disruptions, high costs related to quality, and brand image problems affecting corporate social responsibility (CSR). Global Wits Consultancy Services supports our client to perform due diligence by conducting verification of supplier to address the following scenarios:
A buying company wants to ensure its potential supplier exists and is not a scam.
A buying company wants an overview of a supplier to ensure they match their requirements before passing an order.