OPERATIONAL AUDIT : KNOW EVERYTHING ABOUT AUDIT
OPERATIONAL AUDIT: WHY AND HOW TO CARRY IT OUT?
2023/12/26
What is an Operational Audit?
Optimization of Internal Processes:
The operational audit focuses on the optimization of internal processes. It analyzes each operation, identifies bottlenecks, and recommends adjustments to optimize overall efficiency. Introducing operational improvements, the audit enables more efficient use of human and material resources.
Strategic Inventory Management:
Inventory management is an essential part of the audit. In particular, it evaluates inventory rotation, forecast accuracy, and supply strategy. The objective of the audit in optimizing inventory management is to reduce inventory costs while ensuring adequate product availability.
Alignment of Operations with Strategic Objectives:
The operational audit also ensures consistency and alignment between operations and strategic objectives. It evaluates how each operation contributes to the achievement of the company’s objectives. The audit guarantees consistency between the company’s vision and its operational activities.
Implementation of Real-Time Adjustment Mechanisms:
Operational agility is an important aspect of auditing. This examines the company’s ability to adapt quickly to market variations. Proposing real-time adjustment mechanisms allows the audit to ensure that the company remains proactive in the face of developments in the sector/market.
Why carry out an Operational Audit?
Operational audit ensures the overall efficiency of company operations. It answers the essential question: “Are our internal processes optimized to maximize efficiency and minimize costs?” The objective of the audit is to analyze each element of the operational process in order to identify opportunities for improvement.
The audit examines inventory management, supply chain, and responsiveness to market changes. It identifies inefficient elements, recommends adjustments to optimize processes, and enables more efficient use of resources. Additionally, it ensures that each operation is aligned with the company’s objectives. By reducing barriers to operational efficiency, it creates a solid foundation for business growth.
Internal Tools for an Operational Audit?
Operational Performance Dashboard:
Operational performance dashboards present key indicators on the effectiveness of operations. They make it possible to monitor production (Bottleneck, etc.), delivery times, and use of resources (TRS, etc.). These dashboards allow the audit to identify areas where adjustments could be made to improve overall efficiency.
Quality Management Assessment:
The internal quality management assessment examines the company’s compliance with quality standards. They determine the processes that must be strengthened in order to ensure the consistent quality of products or services. Customer satisfaction and reduction of costs linked to defects are the main consequences of these evaluations.
Project Management Tools:
Planning, execution and monitoring of operational projects are facilitated by project management tools. These make it possible to obtain results on the management of time, costs, and resources. By identifying opportunities to optimize project processes, these tools help guide the operational audit.
Indicators for an Operational Audit?
Process Efficiency:
Process efficiency assessment contains indicators such as cycle time, productivity rate, and quality rate. This data guides the audit in optimizing workflows.
Inventory management :
Inventory management is assessed by the operational audit through indicators such as inventory turnover rate, excess inventory levels, and storage costs. These indicators enable optimized inventory management.
Availability of Resources:
The audit examines resource availability, including indicators such as equipment utilization rate, personnel management, and operational planning. These indicators are key elements in optimizing resources in order to maximize its effectiveness.
Why choose PATUREL CONSULTING to carry out an Operational Audit?
Our company excels in operational auditing thanks to its experience in process optimization and in-depth expertise in operational management. We work closely with your team to identify efficiency gains, optimize your productivity and your inventory management. By choosing PATUREL CONSULTING, you opt for a practical approach to auditing, also adapted to SMEs, and the assurance of value creation for your business.
