
ISO Standards / CMMI / SOX / COBIT / VALIT / BS 25999 / 6 Sigma etc. are recognized as the management standards by more than 100 countries worldwide. The organization who has implemented these models gained substantially in terms of managing successfully the change in the business, customer demands, operational efficiency and effectiveness. These benefits have been demonstrated consistently by these organizations by way of seamless organizational growth, effective retention of customer and employees.
Organization
The first step to improving a process is to gain complete control over it. When you have control, you have a baseline from which to work. Model / Standards / Framework achieve this control by documenting exactly what is supposed to happen. An additional advantage of the Model / Standards / Framework process is that it provides specific targets for employees to meet. These targets motivate employees to achieve, therefore maximizing their productivity.
Ease of Training
The importance of properly defined training cannot be overstated. Using the documented procedures laid down by the standard, new employees can grasp the requirements of each task from the beginning. In this regard, training is made easier and can be focused towards more specific roles.
New Markets
With the technological advances made in the last two decades, the business world has truly become a global marketplace. The potential to increase your market by exporting is massive. Model / Standards / Framework based certification is your passport to international markets
Competitive Advantage
As an internationally recognized symbol of consistent and dependable quality, Model / Standards / Framework provides a substantial competitive advantage. It stands to reason that registered firms would receive preferential consideration. Large corporations and Government departments have already begun to specify Model / Standards / Framework as a prerequisite to contract bidding. Look at your industry. Are your competitors already certified or working toward international Model / Standards / Framework?
Legal Liability
With product liability becoming an increasingly important consideration, demonstrating "Good Practice" is advisable. Model / Standards / Framework provides: external evidence of control over all processes, traceability of product, complete records of production and efficient mechanisms for product recall. In addition, if your company has Model / Standards / Framework its design process for new products will also be fully documented.
Cost
The most important factor in considering Model / Standards / Framework is this: companies who have implemented standards have shown savings averaging from 10-15% per annum. These savings result from better work practices, more efficient time management and the reduction of direct quality costs such as remakes. There will also be hidden cost savings such as the time and energy currently invested in external audits conducted by customers and suppliers. In addition, by determining these customers and suppliers' individual specifications, you will impress upon them the importance of their needs to your company.