What is ISO 23664- Traceability of rare earths from mine to finished product about?
ISO 23664 specifies requirements for and gives guidance on, the design and use of a traceability system in a rare earth supply chain.
ISO 23664 also specifies the information to be recorded by supply chain businesses for rare earth materials or products passing through the supply chain from mine to separated products.
NOTE: ISO 23664 does not specify the need for:
- Complete uniformity in the structure of traceability systems for different rare earth supply chains
- Alignment of documentation to the clause structure of ISO 23664
- Use of specific terminology within the rare earth supply chain
Who is ISO 23664-Traceability of rare earths from mine to finished product for?
ISO 23664 on the supply chain from mine to separated products is beneficial for:
- Manufacturers, suppliers, and distributors
- Automobile, electric components, food and pharmaceutical industries
- Supply chain managers
- Food and agriculture supply chains and networks
- Waste treatment management
- Disposable processors
- Miners or mining workers
Why should you use ISO 23664-Traceability of rare earths from mine to finished product?
Adopting a traceability system is a strategic decision that can assist build a sustainable supply chain. A traceability system can help a company working in the rare earth supply chain achieve its goals and objectives (s).
Regulations, product features, and end-user expectations all influence how a traceability system is created. The traceability system's complexity varies depending on the product(s) involved, the input sources, and the desired outcomes.
The potential benefits of implementing the traceability system defined in ISO 23664 are:
- The ability to trace rare earth materials and products between mine and separated products
- Reduction and prevention of pollution
- Promotion of environmentally responsible and sustainable production of rare earth throughout the supply chain
- To align a rare earth supply chain with sustainable development goals
- To provide better service for users/customers by supplying quality products
ISO 23664 can be used by all participants in the rare earth supply chain.
Overall, ISO 23664 is helpful as it provides details about the traceability of rare earth in the supply chain from mine to separate products which can be beneficial for the business of the user. ISO 23664 describes a traceability system covering the rare earth supply chain between the originating mine and separated rare earth products. ISO 23664 is intended to give supply chain members the ability to access information relating to rare earth materials or products as they pass through the supply chain. The information includes the identity of each business in the supply chain which has handled the rare earth material or product shipment. This makes it possible for the purchasers and suppliers of separated rare earth products to identify the businesses in the supply chain that process a given shipment of rare earth material, and the location of that rare earth material as it passes between supply chain nodes.