Recognizing the benefits of standardization

09 Oct 2013 | News Recognizing the benefits of standardization Contact Us World Standardization Day has been recognized throughout the month in countries around the world, although the official day is October 14th. ISO generally sets a theme, which this year includes “international standards ensure positive change.” Why does standardization even matter? Ensures positive change. This year’s theme. Harmonizes global best practices. Companies have increased confidence in the quality and reliability of suppliers who use standards. Eliminates technical barriers to trade. Companies actively involved in standards more frequently reap short- and long-term cost-savings than those that do not participate. Having influence in the content of a standard is an important factor in gaining competitive advantage. Standardization can lead to lower transaction costs in the economy as a whole, as well as to savings for individual businesses. Standards can help businesses avoid dependence on a single supplier because the availability of standards opens up the market. The result is a broader choice for businesses and increased competition among suppliers. More choices for the consumer. Standardization encourages cooperation between businesses atthe same stage in the value chain. Businesses not only reduce the economic risk of their R&D activities by participating in standardization but can also lower their R&D costs. The work of IEC, ISO and ITU remains central to the development of standards that share knowledge among all the world’s countries and so provide building blocks for global prosperity. Resources: ISO – World Standards Day 2013 International Electrotechnical Commission (IEC) International Telecommunication Union (ITU) ASTM – Economic Benefits of Standardization World Standards Cooperation The Economic Benefits of Standardization Report – DIN, the German Institute for Standardization Tags: qualitystandards You May Also Like What Happens After a Failed Pre-Shipment Inspection? Pro QC Holds Special Seminar on Welding Inspection Standards in China to Strengthen Technical Expertise Pre-Shipment Inspection for Textile Workwear in Honduras Click Below to Improve Product Quality with Pro QC Contact us Get a Quote or Book a Service We will be happy to give you more information about our quality solutions. Please fill in this form to contact us. We will respond as soon as possible. If you would like to submit your CV, please click here. Contact Us by Email Contact Us by Phone North America +1 206 397 1145 Mexico +52 55 9990 7885 Colombia +57 601 9190355 United Kingdom +44 330 094 5589 France +33 9 7303 6784 Germany +49 15630 810151 Australia +61 2 8252 7691 India & South Asia +91 227 189 7407 Asia & Asia Pacific +886 2 2832 2990 We use cookies to improve your experience. By continuing to browse, you agree to their use. Customize settings Accept all Decline all Privacy policy Cookie policy × Cookie settings Please select the categories of cookies you would like to allow. Essential cookies are always enabled.