The international standard for quality management known as ISO 9001 is widely recognised as the gold standard. A company places a high priority on the quality of the goods and services that it provides. Why are millions of companies worldwide trying to implement this accreditation, and what are they hoping to achieve by doing so? This article examines the ten advantages of obtaining ISO 9001 certification and how these advantages might benefit your company.
1. An increased possibility of landing lucrative contracts
A significant factor that might facilitate a company’s ability to form partnerships with organisations in both the public and commercial sectors. Certification to ISO 9001 is a strong indicator that an organisation is well-run and reputable, minimising the need for lengthy due diligence that is often required for public sector bids. Similarly, several companies operating in the private sector have mandated that their vendors get ISO 9001 certification to do business with them. It demonstrates that quality is taken seriously and can be depended on in all facets of the company’s operations.
2. An increased level of contentment among customers
Monitoring the level of satisfaction experienced by customers and providing solutions to any problems they may have are two of the most vital components of the ISO 9001 standard. Businesses that try to obtain and keep their ISO 9001 accreditation demonstrate that they take this matter seriously.
3. Improvements in the quality of the product or service
Companies that have the ISO 9001 certification are better positioned to handle unforeseen circumstances. For instance, if a product is not up to standard, some procedures will be put into place to ensure that the problem is resolved effectively and does not occur again.
4. Better management
One of the most critical aspects of successfully running a business is providing accurate analysis and reports. The ISO 9001 standard assists companies in achieving this goal.
5. An increase in the degree of uniformity in commercial procedures
When the processes required by the standard are implemented, there will be a level of consistency to everyone’s benefit, including the consumers. It ensures that procedures inside an organisation are consistent and understood, which helps staff be more apparent on the required duties, rather than thinking about what to do or even making things up on the spot.
6. Increases the contentment of the workforce and the safety of their jobs
Employees report higher levels of work satisfaction and a stronger sense of job security in businesses that have procedures that are both well-defined and adequately controlled.
7. Reduced expenses
Obtaining and sustaining ISO 9001 certification might result in cheaper insurance premiums for the company that has it. This is because insurers recognise that these companies have suitable processes and controls that limit risks, which is why they provide lower premiums.
8. The simplification of corporate procedures
No company likes to be saddled with excessive paperwork, but many companies are in that position. Because the ISO 9001 standard encourages discipline among its adherents, company procedures must be simplified. Because of the regular assessments, procedures should not get complacent over time.
9. Continuous improvement
A strong foundation is laid for year-over-year progress when a quality management system is in place that meets industry standards.
10. Progress made across the board in the business
The nine specific advantages listed above each contribute to the overall impact, which is an improvement to the company’s operations and, as a result, increased profits.