18 May 2011 – SELEX Systems Integration Ltd, a Finmeccanica company, has become one of the first companies to have been awarded the new British standard for Collaborative Business Relationships (BS 11000-1:2010).
The standard provides a strategic framework for building and managing collaborative business relationships. It helps address the core requirements that ensure an organisation’s relationships are effective, optimised and ultimately deliver enhanced benefit to all stakeholders, including suppliers, partners and customers. BS 11000-1:2010 is also designed to help businesses and their partners share knowledge, skills and resources effectively, in order to meet mutually defined objectives and provide new levels of value creation.
SELEX Systems Integration was awarded the standard based on its proven working relationships with five existing suppliers in the traffic management industry. During the accreditation process, the company provided evidence on how its collaborative environment was playing an active role in the successful delivery of the projects. As part of its ongoing commitment to collaborative business relationships, the company already has plans to formalise other key partnerships in line with BS 11000-1:2010 in the near future.
SELEX Systems Integration Chief Executive, Michael Clayforth-Carr, said: “Research demonstrates that collaborative relationships can be more successful than typical client-supplier ones. We are therefore extremely proud to be one of the first awarded the BS 11000-1:2010 standard, and are confident that by working to its principles, SELEX Systems Integration can develop a new era of highly effective and productive relationships with our suppliers, clients and partners. This will help us build trust and be more competitive by achieving better cost management, better resource and risk management, and fostering innovation.”