Supplier Vendor Audit Program
Today, more than ever before, frequent and more intensive supplier audits are critical to ensuring supply chain integrity. Globalization, increased product complexity, outsourcing, and expansion into emerging markets have prompted regulatory agencies, particularly the FDA, to take a closer look at how manufacturers manage their suppliers. Those who utilize the services of contract manufacturing organizations (CMOs), clinical research organizations (CROs), and other third-party vendors must be ready to endure more import-related inspections, as well as toughened penalties for violations. A company's ability to withstand this increased regulatory scrutiny, and maintain its brand equity, will depend largely on the efficacy of its supplier audit program.