If you are procuring products and services for the rail industry in Britain, you are likely to be using RISQS.
Britain's railways are crucial to the economy, and on the back of two decades of rapid growth, will expand even further to carry more people and freight in the future. Trains, infrastructure and equipment are being reinvented, renewed and rolled out, requiring a confident world class supply chain. Rail is a big buyer, relying on thousands of suppliers of every shape and size, providing a wide range of unique, critical and complex products and services.
For buyers, procurement management needs to involve tackling the risk imported from suppliers into the chain. Buyers seek assurance from their suppliers that the risk is managed and that they can deliver to meet their needs.
Two elements of securing this assurance are Registration and Qualification.
Registration is a process provided to suppliers to enable them to register their interest in becoming a supplier.
Qualification is a process to determine whether or not a supplier, or potential supplier, meets a predetermined set of criteria.
The RISQS scheme is designed specifically to support rail companies in both these aspects of supplier assurance - find out how RISQS helps buyers.
For more detail of how registration and qualification fit in with other aspects of supplier assurance, have a look at our topic page.