MANAGEMENT

Detailed explanation-1: -Who are the Interested Parties of your organization? An interested party can be a stakeholder, person or organization that can affect, be affected by, or perceive itself to be affected by a decision or activity.

Detailed explanation-2: -Interested party means an actual or prospective bidder or offeror whose direct economic interest would be affected by the award of a contract or by the failure to award a contract.

Detailed explanation-3: -Examples of interested parties are given as customers, owners, people in an organization, providers (suppliers), bankers, regulators, unions, partners, or society that can include competitors or opposing pressure groups.

Detailed explanation-4: -To begin, it is helpful to first identify who your interested parties are. An interested party is quite simply a stakeholder who buys your products or services, such as one of your customers, or someone who impacts your organisation’s ability to provide its products or services. The latter can include: Your suppliers.

Detailed explanation-5: -ISO 9001 defines “interested party” in the context of quality management by clarifying that interested parties are not just customers. Relevant interested parties also include those who can pose “a significant risk to organizational sustainability if their needs and expectations are not met."