Before we look into the benefits of ISO 9001 for small businesses, we must know what exactly ISO 9001 is and what it entails.
ISO 9001 sets out the criteria for quality management systems. It is pertinent to note that there are more than a million companies in over 170 countries that are ISO 9001 certified ISO – ISO 9000 family — Quality management. The sheer numbers speak volumes of the creditworthiness of ISO 9001 certified organizations.
ISO 9001 covers various aspects in quality management including manufacturing processes, customer focus and improved management among other important aspects. Ensuring these consistencies in the manufacturing process and administration in an organization can lead to better sales and profits for the company.
Benefits of ISO 9001 implementation for small businesses
Implementing ISO 9001 standards is beneficial for any type of industry. However, small businesses and industries tend to specifically benefit greatly from ISO 9001.
Stay in the Competition
Small businesses or organizations find it tough to stay afloat when it comes to competition from bigger brands. Having an ISO certified business can give you a competitive edge over larger industries that do not possess one.
Contractual Prerequisite
Many customers insist on an ISO 9001 certification before commencing business. ISO 9001 assures customers of the quality management systems in the company thereby giving them the surety that their investments will bear fruit.
Reduces Wastage and Risks
Small companies or businesses are tight on budgets. With the implementation of ISO 9001 small companies can reduce wastages and apparent risks in management. ISO 9001 sets out certain standards to be followed. These standards are set by the ISO in collaboration with industry heads. Each standard is deliberated upon for years before being finally adopted and implemented. Therefore, being ISO 9001 certified reduces the possibility of any risks in the business or its manufacturing processes.
Company Stability
ISO 9001 certification for any small organization or business can increase the stability of the company. An ISO certified company will be highly regarded by customers, can remain afloat in competition and result in an increase in sales and profits, thus paving the way for company stability even during tough economic times.
Innovation is the Key
Through ISO 9001 certification companies are made to adopt novel methods of production to stay in line with the ISO guidelines. Innovative and new methods of administration can also improve employee efficiency, thereby resulting in quality manufacturing and sales.
Financial Benefits
While securing loans from banks or collaborating with other companies, it always pays to be an ISO 9001 certified company. Banks and other institutions are assured of the management process adopted in your company thereby allowing them to make quick and positive decisions regarding the release of loans.
It is advisable to hire professional ISO certification companies like BizRep services for all your certification needs in Qatar.