Due Diligence Questionnaires, also known as Supply Chain Reviews, have the potential to be complicated and complex but there are a few tips and tricks that can help you streamline and define the process. On the 1st of April our hosts Oliver Rear, Phil Brining and Magdalene Opadeyi joined together to discuss due diligence questionnaires and share their thoughts and ideas on how to best handle them.
Organisations around the world use due diligence questionnaires (DDQs) to evaluate potential business partnerships and gain a better understanding of how various third-party vendors conduct day-to-day operations. These questionnaires help organisations investigate potential business ventures or partnerships to confirm they are making a good investment before entering into an agreement with a third-party.
The right questionnaire will help you get the information your company needs. A simple way to start is by considering what kind of data are we looking for? Do I want sales numbers or customer feedback on my new product launch, maybe both!
These days, a company’s due diligence questionnaire is more than just an opportunity to ask some basic questions about their business. The document has become the vehicle by which businesses comply with industry standards and implement cybersecurity initiatives in order to protect themselves from cyber threats while also managing network traffic securely so that they can maintain customer confidence throughout all stages of transactions online as well off it too!
Click on the player above and tune in to the full conversation. If you would like to see what we have coming up over the next couple of months and sign up to join us live on future sessions, visit our events page, or reach out to one of the team.