Some Facts You Need to Know About ISO 9001

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Companies keep pursuing the ISO 9001 certification. It is true that being an ISO certified company like PAPTI - http://www.papti.com.ph/ has a lot of benefits. (Check benefits here)

Here are some facts you must know about ISO 9001.

What is ISO?

1. ISO stands for International Organization for Standardization. It is the world’s largest voluntary developer of International Standards. These are well studied specifications for service, products and good practice. They are helping to make industry more effective and efficient
2. 178 Countries around the globe are ISO members
3. Only 150 people are working full time for ISO’s central office in Switzerland
4. 3335 technical bodies are responsible for standards development
5. There are about 20K individual standards that are developed by ISO

What is ISO 9001?

1. It is a standard that address various aspect of quality management
2. More than 1M certificates are issued in178 countries
3. 42,000 organizations in North America are ISO 9001 certified
4. 29,000 organizations in the U.S. are ISO 9001 certified

Why do organizations get certified?

1. Customer Demands – If companies are not certified, it may result in loss of business with certain number of customers and potential business partners
2. Brand Equity – ISO 9001 significantly reduces the like of costly product recalls and associated brand damage
3. Saving Money – By avoiding recalls, rework, scrap, rejects, service calls, warranty claims and more, companies can save a lot of cash

What are some financial benefits?

1. Paid More – ISO 9001 certified companies are more competent than those who are not and paid 7% more on the average.
2. Increased Benefits – 85% of certified companies report benefits including improved company perception, increased market share and higher demand for products and services.
3. Improved ROA – An study conducted independently, found out that certification leads to improved financial performance measured by return on assets (ROA)
4. Better Sales – Certified organizations have better sales growth than those are not
5. Payroll Grows – Payroll for certified orgs grow over 13% more than similar firms