Does anyone perform Due-Diligence?
In what respect?
When we are selecting a potential supplier, we perform “due dlilgence” to ensure the supplier is running a legitimate company and can be relied upon to deliver goods or services when we need them.
This is especially true for calibration vendors. We evaluate potential vendors to ensure they can perform calibration on the particular piece of equipment and have some accreditation or established history. We maintain records of these activities.
We’ve also been asked to perform “due diligence” when a company is considering buying or partnering with another company. Usually this takes the form of a critical analysis of product viability.