Definition: Economic Operators Information refers to the data related to businesses or individuals who are involved in the supply chain of goods and services. This information can include details about their legal status, financial capacity, abilities, qualifications, and reliability. It is often used in procurement processes to assess the suitability of potential suppliers, contractors, or service providers. In the context of information systems, it can be a critical component for decision-making, risk assessment, and compliance checks. Source: EIRA team Additional information: Economic Operators Information refers to the comprehensive data related to businesses or individuals that are engaged in economic activities within a specific market. This information is crucial in the context of procurement, supply chain management, and market analysis. It includes details such as the operator's identity, legal status, financial standing, and technical or professional ability. In the procurement process, for instance, the Economic Operators Information is used to assess the capability and reliability of potential suppliers or contractors. It helps in making informed decisions and mitigating risks associated with procurement. The information can be obtained from various sources including the operators themselves, public records, financial institutions, and third-party agencies. It is typically stored in a structured format in databases or information systems, allowing for easy retrieval and analysis. In addition to its use in procurement and supply chain management, Economic Operators Information is also important for regulatory compliance. Authorities may require businesses to provide this information to ensure they meet the necessary legal and financial requirements to operate in a particular market. Moreover, Economic Operators Information can be used for market research and competitive analysis. It provides insights into the competitive landscape, market trends, and potential opportunities or threats. In summary, Economic Operators Information is a critical component of information that supports various business processes and functions, from procurement and supply chain management to regulatory compliance and market analysis. Example: 1. Supply Chain Management: Economic Operators Information is crucial in managing the supply chain. It helps in tracking and tracing the goods from the manufacturer to the end consumer. This information is used to ensure the authenticity of the products, prevent counterfeiting, and ensure compliance with the regulations. 2. Customs Clearance: Economic Operators Information is used in the customs clearance process. It helps in identifying the goods, their origin, and their destination. This information is used to calculate the correct amount of customs duties and taxes. 3. Risk Assessment: Economic Operators Information is used in risk assessment. It helps in identifying the potential risks associated with the goods, such as safety risks, health risks, and environmental risks. This information is used to take appropriate measures to mitigate these risks. 4. Market Surveillance: Economic Operators Information is used in market surveillance. It helps in monitoring the market, detecting any irregularities, and ensuring fair competition. This information is used to enforce the market rules and regulations. 5. Product Recall: Economic Operators Information is used in product recall. It helps in identifying the products that need to be recalled, their location, and their owners. This information is used to ensure the effective and efficient recall of the products. 6. Consumer Protection: Economic Operators Information is used in consumer protection. It helps in providing the consumers with accurate and reliable information about the products. This information is used to protect the consumers' rights and interests. 7. Trade Facilitation: Economic Operators Information is used in trade facilitation. It helps in simplifying and harmonizing the trade procedures, reducing the trade costs, and increasing the trade efficiency. This information is used to promote international trade. 8. Regulatory Compliance: Economic Operators Information is used in regulatory compliance. It helps in ensuring that the goods comply with the applicable regulations, such as safety regulations, quality regulations, and environmental regulations. This information is used to prevent any regulatory violations and penalties. LOST view: OV-Customs Functional Architecture Principles Identifier: http://data.europa.eu/dr8/egovera/EconomicOperatorsInformationBusinessObject EIRA traceability: eira:InformationBusinessObject ABB name: egovera:EconomicOperatorsInformationBusinessObject EIRA concept: eira:ArchitectureBuildingBlock Last modification: 2023-08-08 dct:identifier: http://data.europa.eu/dr8/egovera/EconomicOperatorsInformationBusinessObject dct:title: Economic Operators Information Information