Are Your Customers Requiring You to Use ISO Standards?
Guest Blog, by Alec Alessandra MBA, former John Deere Executive and IMEC Board Member as well as SIP Senior Strategist. With contributions by SIP Collaborator Robert Pojasek, PhD, Harvard University.
From the IMEC (Illinois Manufacturing Excellence Center) blog.
(June 14, 2019.)
Many small and medium-sized supplier organizations are receiving notices from their larger sourcing customers to implement a variety of different international standards at their facilities.
These standards could include:
These requests are usually being driven by an increasing demand for improved accountability and risk management from their shareholders and larger investment firms. Their concern is understandable if you think for a moment about all the potential liabilities of conducting a global business today, including the complexity of supply chain operations and the unpredictability of volatile economic, political and social conditions around the world.
C-suite leaders are being subjected to hyper-scrutiny while Boards are under pressure to do what’s necessary to prevent any sudden financial loss associated with issues stemming from a company’s operations.
Click below for full article. SIP