Audits of suppliers

In previous posts, we have described issues related to defining liquidity, its indicators, the consequences of losing it and ways to regain liquidity. In the last entry of the series, we will suggest how to maintain financial liquidity in a company.

In previous posts of the series on liquidity in a company, we have written about liquidity ratios and methods of determining liquidity. This time we will focus on the consequences of losing liquidity.

The basis of a company's long-term operation is to achieve and maintain its liquidity. How do you determine whether a company is liquid?

The audit of companies should be carried out by an independent auditor. Only then will the assessment and subsequent documentation and new strategy be prepared objectively. Business audits can have different objectives and end results. What is a business audit, what types of audits are there and what benefits do they offer? Business audit - what does it involve?

How do buyers classify suppliers? This is a question that even the most experienced sellers seek answers to. Of course, there is no one-size-fits-all classification. Each purchasing organisation adapts its solutions to its needs and supplier management philosophy.

There are many ways to improve supply chain efficiency. Looking for new partners able to provide a competitive advantage, developing relationships with suppliers or preparing development programmes for key contractors are examples of actions a company can take when looking for ways to increase competitiveness.

One of the most important challenges facing supply chain managers is to conduct systematic supplier assessments. Of course, there is no one-size-fits-all model for assessing current and potential business partners. However, the vast majority base their assessment on QDCTM indicators. What are these indicators?

Today's consumers place a high value on working conditions and the way employers treat employees. There is also a growing awareness of environmental issues in many societies.