In times of budget cuts, many hard-nosed executives request cuts in every line of every cost center. However, in some cases, spending more on preventive activities, and cutting drastically in some other budget lines, is a smarter approach.
If you import products from low-cost Asia (China, but also Vietnam or India), you need to take steps to increase the odds that you receive high quality production batches. It means you work with the right companies, you set the right standards, and your standards are strictly adhered to.
Selecting a reliable supplier in China or, say, Vietnam can be a daunting process. In this article, let's explore factory audits which you may use to assess potential suppliers, and the limits of the audit score.