The Ten Functions of ISO Standard Certification

For a company, high investments, profits, and cash reserves mean higher salaries for employees, better working conditions, and better returns for investors. Employees with better moods can produce better products, and the direct result is that customers benefit from improved living standards and increased leisure time. If a company can prove that its business is consistently consistent, well run, trustworthy, ethical, and can even make the world a better place, then it will attract picky customers and gain more business.

Auditing and evaluation based on ISO international standards and other rules can positively impact a company's financial and subjective value.

Ten roles of standard certification in adding value to a company

1. Demonstrating business operations and continuous improvement capabilities can attract more investors

Any investor hopes that their investment is safe. They hope that the companies they invest in can grow and succeed. For investors, the proof provided by ISO standard certification is a good indicator that your company is serious, responsible, professional, and constantly seeking ways to improve the company. This will make your company a better investment target.

2. Formal system certification can help you reduce waste, reduce costs, and therebyincrease cash flow

In the manufacturing process, if employees do not have procedures to follow, the risk oferrors increases, resulting in waste of time and materials. In addition, production is not at the optimal operating level, which may lead to uneven product quality. If your company can consistently manufacture products, not only can you better manage your resources, but you can also reduce costly returns or rework.

3. ISO standard certification provides you with the opportunity to increase revenue

No matter how high-quality your products are or how excellent your services are, if your company does not pass ISO standard certification, many organizations will not cooperate with you. Without certification, many blue chip companies and government departments' business relationships will be basically out of reach with you. Passing certification means that you can bid for larger projects, which may be the difference between a good fiscal year and an excellent fiscal year.

4. If you are not well-known in the market, ISO certification will give you a certain level of integrity capital

Emerging enterprises or mature enterprises that have entered the new regional market for the first time have no credibility in the market. Your potential customers know nothing about you, and you have to deal with competitors who already have obvious brand awareness. Passing ISO standard certification helps establish trust, which means potentialcustomers are likely to give you an opportunity because it is obvious that you are conducting professional operations. The company already has a formal process, and you are willing to accept independent third-party audits. This proves your character and helps to create a positive and progressive brand image.

5. Identify core values and increase opportunities for collaboration

Your clients are likely to hope that the transactions they reach with you are ethical and responsible, and if they feel that you agree with their core values, they are more likely to consider collaborating with you. More customers mean more revenue. The media often reports on companies that appear to meet ethical standards but resort to all means to win contracts. Many people hold a skeptical attitude towards their appearance, which is understandable. Hiring ethical and ethical employees or conducting environmental audits can help companies implement their own values. More importantly, it is possible to implement the customer's expectations and values towards oneself.

6. Provide support for product compliance

We all know that compliance requires time and money. But through ISO9001 certification, the company can not only meet the requirements of many EU directives and have factory production control (recorded manufacturing processes and operational policies) for its own products, but also apply for approval for all products using its own ISO9001 certification. ISO9001 certification helps to enhance the intrinsic value of products, as it fundamentally supports continuous compliance.

7. Increase customer trust in products, services, and operators

Hiring an independent third-party auditing agency, using internationally recognized quality, health and safety, ethical, or environmental standards as a benchmark to compare the company's operations, demonstrates your willingness to subject your business to auditing. Customers hope that their suppliers are transparent and accountable for their business model, without engaging in covert operations in important aspects of their business. Trust brings loyalty, whileloyalty brings long-term customers.

8. An effective and regularly audited quality management system can cultivate more professional employees

Providing information, processes, and administrative support for positions can establisha framework for employees to understand their position in the organization and how towork correctly. Knowing that the processes they are responsible for will be reviewed canmake employees more diligent and detail oriented.

9. ISO standard certification can bring market respect

Certification indicates that the organization has conducted a truly independent evaluation. Some auditing agencies are recognized by national departments, such as the UK's Royal Accreditation Council; Some are not. Non accredited institutions often provide services to help companies meet the requirements of a certain standard, and sometimes even help companies create processes. Approved certification bodies are not allowed to provide consultation in this way. They must use ISO standards to measure a company and ensure absolute fairness. Only this kind of justice can bring trust in the market.

10. ISO standard certification drives you to continuously improve your business

Whether you are comparing your business with the best practices in industry quality or occupational health and safety, or proving that you have provided a minimum living wage for workers in different regions with respect, thereby meeting customer expectations, the driving force of the ISO certification process is to make your future better than it isnow. The starting point doesn't matter, as long as you are willing to make a commitment to improving your business, because improvement can increase the wealth and valueof the organization.