Solutions Flashcards
Meeting International Standards
Improved Credibility and Reputation
Signal to customers and stakeholders that a company follows best practices for quality, safety, or security
Enhances trust and opens opportunities for partnerships, contracts, or bids
Market Access / Competitive Advantage
Unlock new market opportunities
Give edge over competitors who don’t meet same levels of compliance
Customer Satisfaction and Retention
Standards help ensure consistently delivered high-quality products and services
Increased satisfaction and loyalty - long term profitability
Operational Efficiencies
ISOs can identify pitfalls in process and procedures (through documentation of procedures), resource optimisation (identify waste), and risk management (identify and mitigate risks early / before they happen)
Consistency across locations - multiple branches, same quality of product
Streamlined processes, reduced waste, and quality control = lower costs and increased efficiency
Compliance with regulations
Meet local and international requirements
Compliance with data protection, health and safety, and environmental standards
Reduce risk of fines and penalties
Risk Management
Protection of sensitive information
Preserve reputation
Minimise Operational risks
- Early mitigation = avoided
disruptions
Cost reduction
- Costly recovery measures (data recovery, legal fees, damage to infrastructure)