Many businesses – from food manufacturing to construction – of all sizes benefit from standards. Standards help your company to improve the quality of your products and services, reach new customers and markets, improve performance and enhance growth. By meeting standards, your business can also better collaborate with partners, create new products, build trust and stay competitive.

How do you adopt standards in your company?
Here is what you need to know when adopting standards:

Step 1: Define your objectives for implementing the standard

Step 2: Identify key processes and systems as laid out in the standard that will help you achieve your objectives

Step 3: Obtain buy-in from top management and employees in committing to the initiative

Step 4: Establish resources required, e.g. personnel, time, infrastructure, finance or grants

National Development and Standards

Standards play a strategic role in adding value to our economy and improving the quality of our lives. They provide solutions and bring benefits to almost all business activities and industries. They serve to facilitate international trade, raise productivity and efficiency, catalyse technological innovations, and share good management systems and best practices. Standards also improve safety, health and environmental protection.

Indeed, consumer behaviour has changed tremendously over the last decade. Consumers are increasingly demanding for safer products of better quality. Products and services which comply with standards give confidence and assurance to customers. For SMEs whose brands are lesser known, standards immediately add credibility to the company and the products and services they offer.

This has a trickle-down effect because many MNCs demand for their suppliers to adhere to the same standards. For example, medical devices can only be sold in Singapore by companies that have attained a medical device manufacturer’s licence from the Health Sciences Authority (HSA), and ISO 13485 Certification is one of the prerequisites for obtaining the licence. Precision engineering companies with ISO 13485 Certification are thus in a better position to supply sub-components to these medical devices companies. Hence, standards allow SMEs to enter into business transactions with MNCs and can potentially increase their customer base.

Standards are also capable of enhancing market access. The international recognition accorded to their products gives certified companies a competitive advantage when exporting their products overseas. Given the small domestic market, adoption of standards becomes even more crucial for SMEs that wish to expand into overseas markets. Indeed, early adoption of standards even allows companies to gain a competitive edge over their competitors. Companies can even make use of emerging standards to open up new markets.

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