Supply Chain Internal Audit Checklist – Free PDF

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Supply chain internal audit checklist template

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Use this template with Lumiform

The Lumiform application helps frontline teams uphold internal standards effortlessly.

Customize this template or build your own
Fill out templates via mobile app
Assign and track corrective actions
Get reports and analyse your data

Prices start from ░░░ per month

Book a demo

Learn more

Our supply chain internal audit checklist helps you thoroughly evaluate your supply chain operations to identify inefficiencies and compliance gaps. This tool guides you through assessing internal controls, risk management practices, and performance metrics to strengthen your supply chain resilience.

Research shows that effective internal audits can significantly improve supply chain efficiency and effectiveness through data-driven insights and recommendations. You’ll quickly identify areas needing attention, whether it’s inadequate supplier contract reviews or missing contingency plans, allowing you to implement corrective actions.

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Preview of the template

Internal Controls

Is there a documented process for reviewing and approving suppliers?

Are there defined inventory control procedures in place?

Are there adequate segregation of duties in the purchasing and receiving processes?

Are there regular reviews of supplier contracts and agreements?

Risk Management Practices

Are supply chain risks regularly identified, assessed, and mitigated?

Are there contingency plans in place for disruptions in the supply chain?

Are there procedures to ensure compliance with relevant laws and regulations?

Are data security and privacy measures implemented for supply chain data?

Performance Evaluation

Are there defined key performance indicators (KPIs) to measure supply chain efficiency?

Are there regular reviews of supplier performance against established KPIs?

Are there processes in place to identify and address performance issues with suppliers?

Are there continuous improvement initiatives to enhance supply chain performance?

Frequently asked questions

What should I do if I find compliance gaps during the audit?

Document each compliance gap with specific details about the requirement and the current state. Immediately notify relevant stakeholders and determine if any regulatory reporting obligations exist. Develop a prioritized remediation plan with clear ownership and timelines, focusing first on high-risk areas that could result in penalties or operational disruptions.

How can I use this checklist to improve supplier relationships?

Use the performance evaluation section to create transparent conversations with suppliers about expectations and areas for improvement. Share relevant audit findings constructively, focusing on mutual benefits of addressing issues. Develop collaborative action plans with suppliers and recognize those who demonstrate continuous improvement.

How can I adapt this checklist for different departments within my organization?

this checklist for different departments within my organization? Customize the checklist by adjusting the internal controls section to reflect department-specific processes. Modify risk management questions to address unique departmental challenges. Adapt performance metrics to align with specific departmental goals. Maintain core compliance questions but tailor them to relevant regulations for each department’s operations and responsibilities.

This template, developed by Lumiform employees, serves as a starting point for businesses using the Lumiform platform and is intended as a hypothetical example only. It does not replace professional advice. Companies should consult qualified professionals to assess the suitability and legality of using this template in their specific workplace or jurisdiction. Lumiform is not liable for any errors or omissions in this template or for any actions taken based on its content.