{"id":735,"date":"2013-10-09T14:12:55","date_gmt":"2013-10-09T14:12:55","guid":{"rendered":"http:\/\/proqc.com\/blog\/?p=735"},"modified":"2023-09-19T12:02:24","modified_gmt":"2023-09-19T12:02:24","slug":"recognizing-the-benefits-of-standardization","status":"publish","type":"post","link":"https:\/\/proqc.com\/blog\/recognizing-the-benefits-of-standardization\/","title":{"rendered":"Recognizing the benefits of standardization"},"content":{"rendered":"<p>World Standardization Day has been recognized throughout the month in countries around the world, although the official day is October 14th.<\/p>\n<p>ISO generally sets a theme, which this year includes &#8220;international standards ensure positive change.&#8221;<\/p>\n<h2><strong>Why does&nbsp;standardization even matter?<\/strong><\/h2>\n<ul>\n<li>Ensures positive change. <em>This year&#8217;s theme.<\/em><\/li>\n<li>Harmonizes global best practices.<\/li>\n<li>Companies have increased confidence in the quality and reliability of suppliers who use standards.<\/li>\n<li>Eliminates technical barriers to trade.<\/li>\n<li>Companies actively involved in standards more frequently&nbsp;reap&nbsp;short- and long-term cost-savings than those that do not participate.<\/li>\n<li>Having influence in the content of a standard is an important factor in gaining competitive advantage.<\/li>\n<li>Standardization can lead to lower transaction costs in the economy as a whole, as well as to savings for individual businesses.<\/li>\n<li>Standards can help businesses avoid dependence on a single supplier because the availability of standards opens up the&nbsp;market.&nbsp;The&nbsp;result&nbsp;is&nbsp;a broader choice for businesses and&nbsp;increased&nbsp;competition among suppliers.<\/li>\n<li>More choices for the consumer.<\/li>\n<li>Standardization encourages cooperation between businesses atthe same stage in the value chain.<\/li>\n<li>Businesses not only reduce the economic risk of their R&amp;D activities by participating in standardization but can also lower their R&amp;D costs.<\/li>\n<\/ul>\n<blockquote><p>The work&nbsp;of IEC, ISO and ITU remains central to the development of standards that share knowledge among&nbsp;all the world\u2019s countries and so provide building blocks for global prosperity.<\/p><\/blockquote>\n<h2><strong>Resources:<\/strong><\/h2>\n<h3>ISO &#8211; World Standards Day 2013<\/h3>\n<p><a href=\"http:\/\/www.iec.ch\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow noindex\">International Electrotechnical Commission (IEC)<\/a><\/p>\n<p><a href=\"http:\/\/www.itu.int\/en\/Pages\/default.aspx\" target=\"_blank\" rel=\"noopener noreferrer nofollow noindex\">International Telecommunication Union (ITU)<\/a><\/p>\n<h3>ASTM &#8211; Economic Benefits of Standardization<\/h3>\n<p><a href=\"http:\/\/www.worldstandardscooperation.org\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow noindex\">World Standards Cooperation<\/a><\/p>\n<p><em>The Economic Benefits of Standardization Report<\/em>&nbsp;&#8211;&nbsp;DIN, the German Institute for Standardization<\/p>\n","protected":false},"excerpt":{"rendered":"<p>World Standardization Day has been recognized throughout the month in countries around the world, although the official day [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":3840,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[17,189],"class_list":["post-735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-quality","tag-standards"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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