20 Questions to ask yourself about the risk of Counterfeiting

1.) Have you experienced Counterfeit products entering your supply chain?*
2.) Have you experienced your product being counterfeited and sold as an original?*
3.) Do you have a written policy on how to deal with counterfeits?*
4.) Is the policy implemented and are the guidelines being used?*
5.) Is your team trained on how to spot counterfeits and do you have guidelines for how to deal with it, if found?*
6.) Do you check the chain of custody of your supplies?*
7.) Have you had trouble collecting the right information from suppliers overseas?*
8.) Are you buying through an agent or wholesalers?*

9.) Do you actually know who your supplier is (i.e. are you sure that your contact is in fact the factory making the product)?*
10.) Do you police the products/parts with the highest risk?*
11.) Do you legally pursue counterfeiters?*
12.) Do you actively use technology to avoid counterfeiting (i.e. using RFID, watermark tech or otherwise?*
13.) Do you educate your suppliers on how to avoid counterfeiting?*
14.) Do you cooperate with your suppliers to sniff out counterfeits in the market?*
15.) Do you educate your suppliers on how to avoid counterfeiting??*
16.) If you don’t buy directly from the manufacturer, do they have an accreditation/authorisation system for wholesalers and resellers?*
16.) If you don’t buy directly from the manufacturer, do they have an accreditation/authorisation system for wholesalers and resellers?*
17.) Do you follow warning services such as mandatory recall notices from the relevant authorities, spot-the-fake websites, and other scam reporting websites?*

18.) On a scale from 1-7, where 7 is the best, and 1 is the worst, how would you rate your ability to communicate with your suppliers directly?*
19.) On a scale from 1-7, where 7 is the best, and 1 is the worst, how would you rate your ability to spot a fake component?*
20.) On a scale from 1-7, where 7 is the best, and 1 is the worst, how would you the effectiveness on the counterfeit policy’s implementation in your organisation?*