The requirements of ISO 9001 introduce good business practices for any business. Experts from around the world got together and identified the basic elements a business should put in place to have a good quality management system. By using the ISO 9001 standard to design your quality management system you are drawing on this expertise. You will be designing an effective quality management system that will lead to improved operations.
Improved Operating Margin:
This improvement in operations also leads to an improvement at the bottom line, an improvement in operating margin. A survey of 1000 companies showed and average improvement of 5% that managers attributed to having an ISO 9001 quality system.
ISO 9001 is recognized worldwide. When you are ISO 9001 registered other companies know that you have a quality management system in place. They know you have a corrective action system, a system to handle client complaints and non-conformances. They know that you are continually addressing problems and improving your operations and performance.
Some marketplaces require ISO 9001 registration. You will be able to sell services or products to these markets. Some marketplaces do not openly require registration, but prefer to work with ISO 9001 registered suppliers. An unregistered company faces a definite disadvantage in these markets.
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