This is chapter 2 of the Standards benefits for industry orientation module. A transcript of the video follows below.
Chapter 2: Understanding the impact of standards on your business
A standard describes the important features of a product, service or system and the essential requirements that must be met for that product, service or system to function in accordance with predetermined requirements.
When developed by organizations (such as those accredited by SCC) that adhere to international guidelines, standards are developed using a consensus-based process by a committee of balanced stakeholder representatives. The interests and needs of applicable participants, such as yours, were included throughout the standards development process.
Standards are written in the language of your industry and consistently updated to reflect the latest industry trends & technologies. Using them can help your business stay competitive and maintain leading edge capacity in your field.
Around the globe, active involvement in standardization has been shown to yield significant cost-savings and competitive benefits for the organizations involved.
As supply chains grow longer and more complex, companies often deal with different partners. Standards help pave the way for effective trade and cooperation.
By using internationally accepted standards, Canadian businesses broaden their access to world markets. For you and your business partners, employing methods and processes that are broadly accepted around the globe enables interoperability and improves interactions.
Streamlined “standardized” processes can greatly improve business productivity. Greater productivity translates into more revenue – good news for your bottom line!
Standards create opportunities. They open the door to working with a broader range of manufacturers, suppliers and resources from all over the world.
Increased confidence in the quality and reliability of the products, services and systems being traded is another noticeable outcome of the use of agreed-upon standards. In this way, standards can help strengthen your brand and reputation.