The Institute for Standardization of Bosnia and Herzegovina has adopted the new BAS ISO 44001:2024, Collaborative Business Relationship Management Systems — Requirements and Framework, through the translation method. This standard establishes the requirements and framework for managing collaborative business relationships within or between organizations.

The standard provides a comprehensive framework for enhancing collaborative relationships, including business relationships with suppliers, customers, partners, and other relevant parties. standard covers all stages of the lifecycle of collaborative relationship, including:

• Creation of values through collaborative approaches that contribute in achieving the common goals of organizations.
• Planning and defining operational objectives of collaboration, identification of risks and opportunities, and risk management them to ensure the effectiveness of relationship.
• Support through resources, competence, and behaviour needed for effective management of collaborative relationship.
• Managing performance and continuously improving relationships to achieve added value and benefits for all parties involved.

Application of this standard can significantly improve organizational performance through:

• Better identification of opportunities for collaboration that can open new strategic advantages.
• Reducing risk through clear guidelines for managing collaborative relationship.
• Reinforcing trust and transparency between partners, resulting in better business outcomes.
• Increasing efficiency and optimizing resources through a systematic approach to business relationships management.

This standard is applicable to organizations of all types and sizes, including the private and public sectors, non-profit organizations, large corporations, as well as small and medium-sized enterprises. BAS ISO 44001:2024 allows flexible implementation at different levels within the organization, whether it concerns individual projects or a broader organizational context.