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ISO 44003 – new International standard on collaborative business relationship management for SMEs

ISO 44003, Collaborative business relationship management — Guidelines for micro, small and medium-sized enterprises on the implementation of the fundamental principles is one of the latest published International standards. This standard provides internationally accepted guidelines for the 12 fundamental principles of successful business relationships.

ISO 44003 aims to help smaller companies reap as many of the benefits from new networks and partnerships as the larger ones. This includes sharing risks and resources, leveraging knowledge and expertise, reaching new markets and gaining access to research and development.

The standard is the latest in the ISO/TR 44000 series which, aside from ISO/TR 44000, Principles for successful collaborative business relationship management includes two International standards ISO 44001, Collaborative business relationship management systems – Requirements and framework, and ISO 44002, Collaborative business relationship management systems – Guidelines on the implementation of ISO 44001.