How will ISO 27001 reduce costs in my organization?
Reducing costs
Organizations are recognizing that an effective Quality Management System leads to reduced costs and greater operating margins. A well designed and implemented Quality Management System based on ISO 27001 has been shown to provide organizations with the following benefits:
Reduced costs, obtained through:
- Improved product reliability
- Better process control and flow
- Better documentation of processes,
- Greater employee quality awareness
- Reductions in product scrap, rewords and rejections
When ISO 27001 is implemented in an organization:
- Well defined and documented procedures improve the consistency of output
- Quality is constantly measured
- Procedures ensure corrective action is taken whenever defects occur
- Defect rates decrease
- Defects are caught earlier and are corrected at a lower cost
- Defining procedures identifies current practices that are obsolete or inefficient
- Documented procedures are easier for new employees to follow
- Organizations retain or increase market share, increasing sales or revenues
Source: the27001store