Audits
To evaluate compliance with industry-related regulations or with internal regulations, you can use audits. You can conduct audits of physical assets to compare operations across locations. You can also request an external audit to acquire a level of confidence in the quality of the external provider.
For example, if your company is going to charter a ship to move equipment from one location to another location, you can conduct an external audit. You can customize the questionnaire to ask the shipping company about the age of the vessel and the experience of the captain and the crew. You can also inquire about whether any accidents occurred during the past five years.