Integrating CSR and Quality: The Digital Audit Approach PPT
This PPT slide, part of the 20-slide Supply Chain Management (SCM): Factory Audits PowerPoint presentation, presents an overview of Digital Audits in the context of Corporate Social Responsibility (CSR), emphasizing its departure from traditional audit methods. It highlights how Digital Audits integrate CSR objectives with product quality and supply chain risk factors, ultimately impacting buyers' financial performance.
The left section outlines the advantages of Digital Audits. It notes a reduction in overall inspection costs by providing auditors with dual reasons for factory visits, which streamlines the auditing process. The scope of audits is expanded, increasing accountability for suppliers. This method also allows for a deeper analysis of supplier quality, particularly regarding labor conditions. By utilizing analytics, it sheds light on how improving workers' quality of life can enhance product quality. Additionally, it offers opportunities to uncover insights linking working conditions to supply chain risks.
The right section introduces emerging auditing formats, specifically mentioning EcoVadis and the Electronic Industry Citizenship Coalition (EICC). EcoVadis is described as a company that connects pre-audit supplier surveys to risk assessments, but does not conduct audits itself. It provides risk ratings based on various factors, helping determine when and how often a supplier should be audited. The EICC is noted for creating a standardized process for on-site compliance verification, focusing on industry-specific issues and tailoring inspections to align with individual supplier risk profiles.
Overall, the slide positions Digital Audits as a modern, integrated approach to CSR that not only enhances compliance and risk management, but also drives value for buyers by linking social responsibility to tangible performance metrics.
This slide is part of the Supply Chain Management (SCM): Factory Audits PowerPoint presentation.
EXPLORE MORE SLIDES FROM THIS PRESENTATION
EXPLORE MORE PRESENTATIONS ON
Manufacturing Supply Chain Analysis Audit Management Supply Chain Management Risk Management Supply Chain Corporate Social Responsibility Analytics Compliance
Flevy is the world's largest knowledge base of best practices.
Leverage the Experience of Experts.
Find documents of the same caliber as those used by top-tier consulting firms, like McKinsey, BCG, Bain, Deloitte, Accenture.
Download Immediately and Use.
Our PowerPoint presentations, Excel workbooks, and Word documents are completely customizable, including rebrandable.
Save Time, Effort, and Money.
Save yourself and your employees countless hours. Use that time to work on more value-added and fulfilling activities.
