The contemporary business world is characterized by high levels of uncertainty and competition; for this reason, more firms are seeking to reduce risks and enhance their performances. A significant component in the management of risk is the factory audits in India. This comprehensive blog post will discuss these various aspects and case in point how factory audits can assist in minimizing business risks for companies conducting their business in India. What is a Factory Audit? A factory audit simplified is a formal, documented, impartial assessment of the manufacturing unit with relation to its processes, systems and practices. Carried out either by employees of the organization or external auditors with the…