Audit Analysis In Management
Once the data is collected the next step is analysis the data that is collected through floor walk, interviews and surveys. Analyzing the condition like if the wastage level is high, then what is the actual wastage rate of the operations in the occupational method? If the stock level is shown high then what does the stock level time series recommend us about the changing aspects of this problem? And many of the problems will be highlighted in the interviews and in the survey. …show more content…
It helps to improve knowledge of QSAM abilities, and the insufficiencies, mechanical opportunities.
Table: Quick Scan Audit Methodology SWOT analysis (Boehme, 2009):
How the QSAM can support supply chain development:
QSAM looks at whole organisation process which includes people, relationship and communications as well as measures, developments, products and data movements. In this way it is a catalyst for supply chain development by concentrating on the value, price, facilities and cycle period of the supply chain. It has achieved this by:
• Recognizing the bottlenecks or difficulties
• Recognizing the accurate reasons of …show more content…
• Modify inbound and outbound logistics schedules in order to decrease time and cost (Lewis, Naim, Wardle, & Williams, 1998).
Supply chain audit is very important but at the same time it is time consuming which we have compressed to one day by using Quick Scan Audit Methodology (QSAM). Quick Scan Audit Methodology is functional because it can lead to stability of valuation, recognition of quick successes. QSAM make every effort to confirm that the audit method is both cost and time operative by using organized approach.
QSAM is a great tool for encouraging business development and refining companies’ performance. However it can be more useful by extending the use of QSAM into suppliers and consumers as part of the effort towards success of a continuous supply chain. We consider further interest of QSAM and uses in more industrial sectors and countries will enable constant improvement and expansion of the analytical tool. Auditing should be perform in the organisation because it help them to recognize their strength and weakness and how to overcome the weakness by analyzing it which will help them to be competitive in the