Factory Audit & Inspection do not add Value to the part but it surely increases the Total cost of the part.
Any wrong selection of supplier can lead to Risk on the business in terms of loss in production, time and Money. At the same time, receiving defective goods will increase your frustration and increase your cost.
Ensuring Correct steps of Audit before awarding Business to supplier & Inspection of Parts for intial few lots can improve your confidence. Geographical locations can put limitation for this process and you can use your extended Arm Indicomps for the purpose and use services of their quality professional to take care of your suppliers.