#125 What are the benefits of ISO 9001?

Currently, there are around 1,077,884 valid ISO 9001 certificates globally – which beats the second runner ISO 14001 by over 600,000!

There is no doubt that the Quality Management Standard, ISO 9001, is still the most widely adopted ISO Standard – and for good reason!

ISO 9001 is basically a model for running a successful and profitable business. It provides a common framework for things that all businesses should have in place, including defining your companies unique 'way of working'.

In addition to being a blueprint for a business's operation, there are many other benefits to be gained from implementing ISO 9001. Today, Mel explains a few of these benefits in greater detail.

You'll learn

• What is ISO 9001?
• Why Implement ISO 9001?
• The benefits of ISO 9001

Resources

• What is ISO 9001?
• Isologyhub

In this episode, we talk about:

[00:30] Why talk about ISO 9001 benefits? Often times, Mel gets asked for benefits of ISO 9001 so a business case can be put forward.

[01:00] What is ISO 9001? For a detailed break down of the Standard, go back and watch 'Episode 36 – What is ISO 9001?'

[01:45] For those that have Implemented ISO 9001, what are the benefits? We'd love to hear from you! If you have some stories to share – feel free to leave a comment on which ever media player you're listening on – or email us. We'd love to share some of your experiences in a future episode.

[02:09] Benefit #1: Win new business – From a sales and marketing perspective, ISO 9001 is essentially a passport to trade. It demonstrates credibility to Stakeholders as it's a mark of quality.

[02:55] Benefit #2: A framework that can fit any business – This can be for any industry sector and business size. It helps businesses figure out what is working well and what's not working so well.

[03:10] Benefit #3: Identify opportunities for Improvement - It helps businesses figure out what is working well and what's not working so well. It can help identify issues such as: Bottlenecks in processes, resourcing and external factors.

[04:05] ISO 9001 helps you to look at your business – warts and all. It does no one any good to bury their head in the sand and ignore issues, especially as Stakeholders and clients will see through this.

[04:40] Benefit #4: Put quality controls in place to mitigate risk and raise your standards – If you have complaints or need to do a product recall – you need processes in place to handle this. ISO 9001 gives you the tools to do so, creating an effective framework everyone can follow.

[05:40] Benefit #5: Improve efficiency – ISO 9001 helps you identify the best way of working and pushes you to optimise that. That could include eliminating aspects of you business that waste time, or create burdens.

[06:05] Benefit #6: Creating a unique Blueprint – ISO 9001 isn't an out of the box solution – it can be tailored to your way of working. It helps to establish relevant Policies and Procedures that improve your business operations.

[06:24] Benefit #7: Enhancing customer satisfaction and employee retention – Good quality business practices will inevitably help you to keep ahold of good clients – and good employees too! This can be achieved by having clear roles and responsibilities in addition to vision and goals for the business.

[07:20] Benefit #8: Increase profitability – Businesses often look at the cost of poor quality – where is your business leaking money? Addressing those issues is a direct cost saving.

[08:21] Businesses who have grown through acquisition often find ISO 9001 a great tool to help standardise their way of working, so they can easily integrate other businesses and services.

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