Which of the following are benefits of ISO28000? Select TWO.

ISO 28000 is the international standard for security management systems in the supply chain. Implementing it provides two primary benefits. Firstly, it creates a significant competitive advantage by demonstrating a commitment to security and supply chain resilience, which enhances brand reputation and stakeholder confidence. Secondly, it leads to cost savings by systematically identifying and managing security risks, thereby reducing losses from theft, damage, or disruption. It also improves process efficiency, which can lower operational costs and potentially reduce insurance premiums.

C. increased market share: This is a potential secondary outcome of gaining a competitive advantage, not a direct, primary benefit of the standard's implementation itself.
D. decreased legal costs: This is a narrow aspect of overall cost savings. The benefit of 'cost saving' is a broader and more accurate category that includes this, among many other financial gains.

1. International Organization for Standardization (ISO). (2007). ISO 28000:2007 Specification for security management systems for the supply chain. Geneva

Switzerland: ISO. The introductory sections and annexes of the standard itself outline the intended benefits

which focus on managing risks

ensuring business continuity

and providing a framework that gives confidence to trading partners (leading to competitive advantage) and reduces security incidents (leading to cost savings).

2. Tsiotras

G.

et al. (2017). "The ISO 28000 family of standards for security management systems for the supply chain." The TQM Journal

29(5)

pp. 701-717. This paper discusses how ISO 28000 implementation enhances organizational performance by improving security

which translates into a competitive edge and operational efficiencies that result in cost reductions. (DOI: https://doi.org/10.1108/TQM-11-2016-0097)

3. Lysons

K.

& Farrington

B. (2020). Procurement and Supply Chain Management (10th ed.). Pearson. Chapter 18

"Security and Risk in the Supply Chain

" discusses how formal security management systems like ISO 28000 are used to mitigate risks

which directly impacts costs and provides a competitive advantage by assuring customers of supply chain integrity.