How regulations and standards influence the global trade – Part 2: ISO 9001:2015 revision

ISO 9001:2015 revision

Last week I gave you an overview about the EU sustainability directive. As promised, I won’t withheld my thoughts about the remaining topics, which were discussed during a Business Breakfast Event in collaboration with our partners EcoVadis und POOL4TOOL. One major topic being the new ISO 9001:2015 standard.

Today I would like to share my findings about the new ISO 9001:2015. The former version, ISO 9001:2008 has been the global standard for quality management. More than one million businesses around the world are certified accordingly and are therefore in the best position to improve customer satisfaction, reduce cost of failures and minimize cost on the whole.

 

ISO Standard 9001:2015

ISO Standard 9001:2015

 

SCRM to be new part of ISO 9001:2015 revision

Due to the constant adaption to current conditions there has been a revision in the end of 2015. This means that every certified company has 30 months left (until Q3 2018) to prove themselves that they deserve the newer version of the world’s quality management systems standard: 9001:2015. For the very first time companies must now cover a new element: risk management. Monitoring the supply chain in terms of risk aspects becomes a must! Manufacturing companies have to consider end-to-end supply chains, from the n-tier suppliers to the customer. Referring to the standard correctly: „Stakeholders and employees have to gain competence in risk methods“. I think that wording is brilliant.

The ISO amendment requests a closed-loop process, which exactly goes along with what our risk management software provides. Let’s take a closer look at it: the first point “identify risk inventory” is covered by the risk radar, second one “evaluate threats & impacts” is fulfilled by the impact analyzer, third “mitigate risks” is done by the action planner, and our analytic manages the last task “control”.

The new standard requires a “risk balanced thinking”. The companies that follow the renovated quality system will be capable to prevent risks, gain competitive advantages, improve compliance and reach customer satisfaction. If you are interested to learn about the ROI of SCRM then check-out this study for free. I also recommend our whitepaper about the ISO topic which you can download here.

 

Across the next weeks I’d like to give you some information about the remaining two topics which were discussed at this event: the Dodd-Frank Act and sanction control.

Rolf Zimmer is a founder and managing director of riskmethods, and is responsible for Finance, Product Strategy and Customer Success Management.

Rolf has been working in software business and procurement for 18 years. He has excellent knowledge in the areas of procurement, supply management and risk management – which he gained from working inside procurement departments as well as from consulting activities at SAP, Ariba and Emptoris, among others. His previous position as Sales Director at IBM included responsibility for distribution of the “Emptoris” Supplier Relationship Management suite and associated consulting services.


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