Want More Business?

February 3rd, 2021

The global pandemic has caused numerous organizations to alter their  business strategy and to operate on a lean budget.  Consider these three  basic growth principles when moving forward in these dynamic times…     

  1. Make a decision to grow. Growth doesn’t just happen. If you want to grow your business, you need a vision of what that growth would look like and a commitment to make that happen. It means putting your resources – all of them mental, emotional, financial, personnel – toward growth.
  2. Figure out what makes you money. All money is the same, right? Wrong. Businesses have two kinds of money, cash flow – which keeps the doors open short-term – and profits – which provides long-term security. Understand, and concentrate on, the parts of your business that bring you profits.
  3. Focus on recurring revenue. The best kind of customers? Repeat Customers. If most of your customers or clients are one-time buyers, figure out which, and what customers who have the need and capacity to buy repeatedly.

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Suppliers Speaking the Same Language

November 5th, 2020

A new ISO standard is set to help boost manufacturer and consumer confidence, reducing supply chain costs by addressing issues like risk, loss of time and conditions of production. Whether sourcing materials or components or buying a finished product, the increasingly entangled nature of global supply chains can leave manufacturers and consumers asking some difficult questions. Is the product or ingredient as described? Does it meet expectations for quality? Where was it produced and under what conditions?

ISO 22095:2020 – Chain of custody – General terminology and models, is a simple solution that works across all business types and sectors. The  new International Standard allows users to effectively reduce their costs and address a multitude of issues caused by the present variety of chain of custody systems. Its requirements and models are defined independently of sectors, raw materials, products, and issues addressed, from food safety or sustainability to product integrity and quality.

Instead of starting from scratch, those implementing new systems will be able to base their definition of chain of custody requirements on ISO 22095, saving time and money and benefiting from an internationally recognized approach. You can purchase ISO 22095 Standard at the ANSI Webstore.

ISO 9001 User Survey 2020

September 2nd, 2020

The committee responsible for the development of the international standard, ISO 9001:2015—”Quality management systems—Requirements,” has announced a user survey to gather information on the value of ISO 9001:2015.

According to a press release from ISO/Technical Committee 176/Subcommittee 2, ISO 9001:2015 is currently undergoing a formal “systematic review” that is due to close on Dec. 2, 2020. Following the review, ISO/TC 176/SC2 will have up to six months in which to decide whether the standard should be “confirmed” (i.e., left unchanged), be revised or amended, or be withdrawn.

The goal is to capture data on standard value, advantages and disadvantages, and User opinions on how to ensure this standard remains relevant in the future. In addition, ISO/TC 176 has been giving consideration to “future concepts” for quality. SC2 would like to test the acceptability of such concepts with users, for potential inclusion in a future edition of ISO 9001.

The committee invites all categories of users of ISO 9001 from all over the world to participate in a global survey about ISO 9001’s future. For your convenience, the survey has been developed in 13 languages on Survey Monkey; choose the language that is most convenient for you using the language link in the upper right corner of the survey page. 

Take the User Survey Here

Medical Device Safety Focus

July 14th, 2020

Reducing and managing risks related to medical devices s the objective of a key industry standard, ISO 14971. Detailed guidance to optimize its use has just been updated. ISO 14971, Medical devices – Application of risk management to medical devices specifies the terminology, principles and process for managing the risks associated with medical devices, including software as a medical device (SaMD) and in vitro diagnostic (IVD) medical products.

Recently published ISO/TR 24971, Medical devices – Guidance on the application of ISO 14971, is a companion document to the globally recognized risk management standard.

Intended for use by manufacturers of medical devices, both ISO 14971 and ISO/TR 24971 are designed to be read and applied together, providing information on how to identify the hazards associated with medical devices, and measure and manage related risks. ISO/TR 24971 Medical Devices can be purchased here at the ANSI Webstore.

CFOs Preparing for Up to 30% Decline in Revenue

May 12th, 2020

Gartner, the world’s leading research and advisory company survey shows 51% of CFOs Are Preparing for Up to 30% Decline in Revenue This Year Due to COVID-19.

A survey of 145 CFOs and senior finance leaders on April 12, 2020 revealed 51% of respondents said they were preparing for a revenue contraction of up to 30% this year due to the coronavirus pandemic. Twenty-eight percent of respondents believe the impact to their organization’s revenue could be higher than 30%. “Most CFOs have told us they are using the most severe downside scenarios to inform their decisions right now. This is leading CFOs to consider drastic cost management actions across April and May”, said Alexander Bant, practice vice president, research, for the Gartner Finance Practice. “When CFOs were asked how these downside scenarios are impacting their ability to fund long-term growth investments,  70% of CFOs said they are now showing caution in this area.” 

For more information on the Gartner Survey visit the Gartner Newsroom.