The American Institute of CPAs® (AICPA) Suite of SOC Services has added a new service called SOC for Supply Chain. This cutting-edge research is vital for industries and stakeholders seeking effective supply chain risk management. It is a valuable tool that provides essential information to businesses in their supply chains. It offers unmatched insights to enhance supply chain efficiency and reduce potential risks.
In response to the limitations of existing service provider assessment reports like SOC 1, SOC 2, SOC 3, and PCI ROCs, SOC for Supply Chain offers a revolutionary solution. Before, vendor questionnaire replies were the primary source for assessing supplier risks. But with SOC for Supply Chain, producers, manufacturers, and distributors can now access comprehensive insights into their supply chain, allowing them to make informed decisions. Companies can improve vendor risk assessment processes by implementing it, resulting in greater transparency and security across their supply chain operations.
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