More info on Benefits of ISO 9001:2008

There are many advantages with implementing ISO 9001:2008 with benefits manifesting themselves throughout all facets of the company. These benefits will range from increased stature to bottom-line operational savings. They include:

• Improving sales figures and broadening the customer base are essential ingredients to continued business success. The bigger companies and others who have already adopted the ISO 9001 standard will often require potential suppliers, large or small, to be operating a formal quality management system before offering an opportunity to tender. We continually meet with customers who, even having traded for many years with such companies, have been told that if they are to continue trading together, then an ISO 9001 is a pre-requisite. It is an accepted fact that ISO certified companies are far more likely to be successful in their bids than those who are not.
  
  
• The company’s book value will often be enhanced, particularly in the small to medium size business sector.  It is recognised by business owners and professional advisers alike that possessing ISO certification does increase the opportunity of attracting investment and other funding into the company. It also makes the company a more attractive proposition re: acquisition.
  
  
• Taking the above into account then it can be concluded that certification can act as a powerful marketing tool. The company profile is markedly lifted and its credibility heightened. Those, and again particularly the small to medium size businesses who wish to trade abroad are noted as having an internationally recognised certification by potential customers and suppliers alike easing the way to achieving success in these foreign markets.
  
  
• Increased profitability will be expected after the adoption of the standard and its ethos of continual improvement.  Less scrap and rework, more effective production processes and worker participation all contribute to improved performances across the board, saving time and money. Improved productivity and an  increase in margins can also be expected.
  
  
• Improved customer satisfaction should be measurable. Customer retention will be more assured and / or improved, and new customers acquired through the ability of the company to become more successful in entering into new markets.
  
  
• Overall improved management control is achieved through the demands made by the system for greater communication and co-operation between all departments of the company. This serves to heighten awareness throughout the company and it’s employees of the priorities set by the company re: the delivery of consistent quality of product and service.
  
  
• Reduction of product-liability risks. Across the board improvements in quality of product, service to customers, processes and management control brought about by the adoption of  ISO 9001 must reduce the probability of claims made against company in terms of product liability. It follows then that a reduction in insurance policies are feasible.