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PAS 7000 now available

BSI has launched PAS 7000, a universally applicable supply chain information standard for suppliers and buyers at organizations of all sizes around the globe. PAS 7000 ‘Supply Chain Risk Management- Supplier prequalification’ helps answer three key questions relating to any organization’s supply chain partners: Who are they? Where are they? Can they be relied upon?

The standard draws on the collective expertise of 240 professionals drawn from global industry associations and organizations, and it addresses product, process and behavioural criteria for supplier prequalification.

PAS 7000 has been created in response to industry demand, with three quarters of executives considering supply chain risk management important or very important (1). As supply chains increasingly span continents, and brands become ever more exposed due to the demand for increased transparency, the challenges for procurement teams to assess the suitability of suppliers increases. 63 percent of EMEA companies have experienced disruption to their value chain due to unpredictable events beyond their control in the last 12 months, at an average cost of £449,525 per incident per company (2).

PAS 7000 provides companies with a uniform set of common information requirements that reduces duplication of effort in completing tender forms and aids procurement in bringing consistency to the supplier base. It establishes a model of governance, risk and compliance information for buyers to pre-qualify suppliers and confirm their intention and ability, to adhere to key compliance requirements. This in turn helps organizations make an informed decision about whether or not to engage with a potential supply chain partner.

For further information and to download the standard free of charge visit: www.bsigroup.com/PAS7000 (registration required).

(1) Don’t play it safe when it comes to Supply Chain Risk Management – Accenture Global Operations Megatrends Study 2015
(2) Dynamic Markets – Managing the Value Chain in Turbulent Times – Oracle, March 2013.

•Date: 6th November 2014 • UK •Type: Article • Topic: BC standards


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