The benefits for companies of implementing Standards new ISO case studies

Issue 43 – October 2012

Implementing Standards consistently provides benefits for companies, regardless of their size, business sector, or which country they are based in, according to a new collection of case studies by ISO, the world's largest developer of international Standards for business, government, and society.

The 10 case studies cover nine countries: Mauritius, Italy, Senegal, Cameroon, China, Sri Lanka, Lebanon, Jordan, and Egypt. The size of the companies varies from small enterprises with 25 employees and annual sales revenues of around USD 4.5 million, to those with several thousand employees and annual revenues of over USD 2 billion.

Among quantified benefits identified in the studies on using Standards are the following:

  • Streamlining internal company processes

  • Decreasing waste and internal costs

  • Increasing the efficiency of research and development

  • Innovating business processes

  • Reducing risk

  • Enabling international expansion

  • Supporting development of new products and markets

The 10 new case studies, plus 11 ISO case studies from 2011, demonstrate that the benefits of using Standards are valued, in terms of contribution to company gross profit, at between 0.15% and 5% of annual sales revenues.

The case studies were carried out by ISO's Central Secretariat in Geneva, Switzerland, in cooperation with ISO national members and academic institutions. They are based on 'the ISO Methodology' for the assessment and quantification of the economic benefits of Standards.

Download the case studies below:

Economic benefits of Standards – Plastic Pipes and Products, Piping Systems Ltd., Mauritius [PDF 1.95MB]

Economic benefits of Standards – Mapei, Italy [PDF 2.24MB]

Economic benefits of Standards – Water Senegal, Senegal [PDF 1.75MB]

Economic benefits of Standards – Chococam, Cameroon [PDF 356KB]

Economic benefits of Standards – Xinxing Ductile Iron Pipes Co. Ltd., China [PDF 379KB]

Economic benefits of Standards – Dalian Shipbuilding Industry Co. Ltd., China [PDF 387KB]

Economic benefits of Standards – MAGA Engineering (Pvt) Ltd., Sri Lanka [PDF 2.05MB]

Economic benefits of Standards – Holcim Lebanon S.A.L., Lebanon [PDF 2.68MB]

Economic benefits of Standards – Petra Engineering Industries Co., Jordan [PDF 300KB]

Economic benefits of Standards – Juhayna Food Industries S.A.E., Egypt [PDF 2.67MB]

The 11 ISO case studies from 2011 on the economic benefits of Standards are available in our November 2011 Touchstone article, 'International case studies prove economic benefits of Standards'. These case studies cover 10 countries – Indonesia, Singapore, Thailand, Vietnam, Brazil, Colombia, Peru, Botswana, South Africa, and Germany (two case studies).

A BERL report commissioned by the Standards Council on The Economic benefits of Standards to New Zealand is available at http://www.standards.co.nz/news/Associated+news.htm (scroll down to The Economic Benefits of Standards to New Zealand.)

Summarised from an ISO media release, 18 September 2012.

Note: You can order ISO Standards from www.standards.co.nz or call 0800 782 632 during business hours or email enquiries@standards.co.nz. Members of Standards New Zealand receive a 20% discount on all NZS and AS/NZS Standards, and a 10% discount on all international Standards. Visit our membership page for more information.

Related articles

Published in international.