Operations audit mainly focuses on the key processes, procedures, system, as well as internal control with the main objective to improve the productivity, as well as efficiency and effectiveness of operation.
This is critical for businesses, because a lack of efficiency and effectiveness typically translates to fewer sales or increased operational costs, which sometimes mean the inability of the business to compete and stay in business.
Advantages of Operations audit are:
- Operations audit process provides a company with objective opinions
- Helps generate quicker production or sales turnaround, better allocation of costs, improved control systems
- Overall streamlined workflow
- Training to staff and helps in building standard operating procedures