Being ISO-9001 certified has lots of benefits to corporations. ISO 9001 is an internationally recognized certification which ensures quality of products and services of a company. A standardized sales process makes training sales reps fast, simple, and nearly foolproof, by showing salespeople what they need to do in various sales situations. A few months ago, fourth-grader Joey Furlong was lying in a hospital bed, undergoing a pre-brain surgery screening, when a teacher walked in the room with a standardized … In most cases you file for patent protection, and then you find a company willing to make the product and pay you a royalty. Reduces and controls operating costs: Outsourcing is often cheaper than hiring on an employee, and it also takes away some level of uncertainty about costs.The contract will determine exactly what will get done and for what price. Companies cannot remain with traditional product lines and expect … Continue reading "Why do companies introduce new products?" The one we would naturally think of is to make more money, but that is generally only one of the reasons. It helps lower prices by encouraging a broad range of different resources for shoppers that all offer somewhat different benefits but still meet a generally accepted idea of what a specific product is meant to be. There are many reasons why companies bring products to market place. Changing Consumer Needs Companies need to stay in touch the changing needs of consumers. The important task of writing policies and procedures rarely gets the respect it deserves. This paper or electronic copy can be used when training new people, or for reference by auditors or regulatory bodies. Even a rookie seller can quickly get up to speed and be successful once he or she learns the basic steps in an organization’s sales process. Why Are Standard Operating Procedures Important? It’s often assumed that the problem is paralysis. Why do companies insist on changing the content or specification of their successful products without the consent or request of their customers? Innovate Why Your Product's Packaging Is as Important as the Product Itself Your product's packaging is meant to communicate a purpose: what your brand stands for and what it means for your customer. Product standardization creates general practices and standards that all similar items on the market must meet. Some of these benefits include but not limited to; Increased Credibility and Recognition: ISO 9001 certification is issued by International Organization for Standard and is accepted worldwide. Why do manufacturers use standard costs? From a market-share point of view, it’s likely that your competitors are actively engaged in standardization. One reason for a manufacturer to use standard costs is to plan carefully what its costs will be for the upcoming budgeting year and to then compare the actual costs with those planned costs. 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