A standard is basically a type of documentation which provides the guidelines, characteristics or requirements for certain processes and procedures which guarantee that those processes are fit for the task. There are about 21000 International standards in different categories. The major purpose of ISO standards is to make sure that the processes and services being provided to the end consumer are reliable and fit to use. Moreover, these standards ensure quality (Maguad, 2006).
For many businesses and communities these standards play a vital role in strategic planning and in departments like operations they are very valuable because they help in cost reduction by waste minimization, reduces errors which in return increase the productivity (Knezevic & Narayan, 2012). These standards are important globally, as these are the international standards they are recognized everywhere and this encourages the developing countries to develop in fair and free trade. By implementing these standards in different sectors, the company can ensure the quality.There are many standards which are internationally recognized and are equally important in every country.
ISO 9000- Quality Management: This standard allows making sure that the services and quality of the product is up to the mark.
ISO 14000- Environmental Management: These standards help to improve the quality of environment.
ISO 3166- Country Code: This standard helps to reduce any confusion when talking about particular country.
ISO 45001- Occupational Health and Safety: These standards are here to ensure there are no risks involved in workplace.
ISO 22000- Food Safety Management: This family of standards makes sure that the quality of food is of good standard.
ISO 27001- Information Security: These standards safeguard the information of your organization.
ISO 13485- Medical Devices: These quality standards make sure that the medical devices are working well in their complete life cycle.
ISO 31000- Risk Management: With these set of standards, they help to reduce risks especially the ones which are negative for the company and induce losses.