COMPLIANCE & RISK ASSESSMENT


Materials suppliers are not exempt from new levels of scrutiny, so with the impetus to demonstrate credentials across a number of regulatory areas, verification through a scheme such as CHAS Verified Supplier could be the answer. With verification undertaken via a single annual process, pre-qualification for supply chain contracts are easier and faster. Additional member benefits include access to an easy-to-use dashboard with complete overview of verification and compliance records, including expiration and renewal dates. Members can also take advantage of special offers and benefits from trade partners.


For contractors, now is the perfect time to consider gaining the Common Assessment Standard. The CHAS Common Assessment Standard covers 13 areas of risk management in a single assessment, including Anti-Bribery and Corruption, Environmental, Equality Diversity & Inclusion, Financial, Health & Safety, Modern


Slavery, Corporate Social Responsibility, and Information Security. It is reviewed annually and is swiftly adapted to reflect the latest rules, regulations and compliance concerns. For potential public sector contractors, it mitigates the risks associated with ending up on the debarment register, and for everyone else, it offers transparency and a competitive edge.


CONCLUSION The bell is certainly ringing for supply chain reform,


and businesses in all industries are under increasing pressure to demonstrate compliance across their entire network, whichever sector they operate in. Yet, even where the highest levels of compliance aren’t mandatory, aiming for best practice standards in the procurement process can only lead to an efficient, transparent, and resilient supply chain better equipped to meet customer needs and drive sustainable growth.


www.chas.co.uk


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