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Presentation On ISO Certification: What Is Standard?

This document provides an overview of ISO certification and quality management standards. It discusses what a technical standard is and the importance of standards in facilitating trade and ensuring consistency. It then focuses on the International Organization for Standardization (ISO) as the international standard-setting body and describes some of its most popular quality standards like ISO 9001. The document explains the ISO certification process, benefits of certification for businesses and consumers, and inventory management models like the fixed order quantity and economic order quantity models.

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Sailesh Patnaik
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94 views8 pages

Presentation On ISO Certification: What Is Standard?

This document provides an overview of ISO certification and quality management standards. It discusses what a technical standard is and the importance of standards in facilitating trade and ensuring consistency. It then focuses on the International Organization for Standardization (ISO) as the international standard-setting body and describes some of its most popular quality standards like ISO 9001. The document explains the ISO certification process, benefits of certification for businesses and consumers, and inventory management models like the fixed order quantity and economic order quantity models.

Uploaded by

Sailesh Patnaik
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Presentation on ISO Certification

What is Standard?

A technical standard is an established norm or requirement in regard to technical systems. It is usually a


formal document that establishes uniform engineering or technical criteria, methods, processes and
practices.

Importance of standard

It provides reliable basis for people to share the same expectation about a product or service. It helps in:

 Facilitating Trade
 Providing framework for achieving economies, efficiencies and interoperability
 Enhancing consumer protection and confidence

International Standard for Organization (ISO)

 International standard setting body which is composed of representatives from various national
standard organizations.
 ISO promotes worldwide proprietary as well as industrial and commercial standards for every
product produced.
 It is an independent, non-governmental international organization with a membership of 161
national standard bodies.

ISO Governance Structure


How does ISO receive its funding?

ISO is funded by a combination of:

 Organizations that manage the specific projects or loan experts to participate in the technical
work.
 Subscriptions from member bodies in proportion to each country's gross national product and
trade figures.
 Sale of standards.

Some Popular Quality Standards

ISO 9001 Quality Management


ISO 14001 Environmental Management
OHSAS 18001 Occupational Health and Safety
ISO/IEC 27001 Information Security Management
ISO 20000-1 Information Technology Management
ISO 19011 Auditing Management
ISO 10012 Measurement Management Systems
ISO 22000 Food Safety
ISO 31000 Risk Management
ISO 50001 Energy Management
ISO 26000 Social Responsibility
ISO 260 Human Resource Management

ISO 9001-2015 PDCA Cycle


How does PDCA result in customer satisfaction?

ISO Certification Process

Certification vs Accreditation

Certification – the provision by an independent body of written assurance (a certificate) that the
product, service or system in question meets specific requirements.

Accreditation – the formal recognition by an independent body, generally known as an accreditation


body that a certification body operates according to international standards.

Who performs the certification?

• ISO does not perform certification

• ISO's Committee on Conformity Assessment (CASCO)

• Certification is done by third party agency/body, which may or may not be accredited, following
the standards specified by CASCO
The Certification Process

The 8-step certification process starts with certification application, followed by contract review and
plan followed by document review, on-site audit, review and verification. Then Certificate decision
which is valid for 3 years. Then surveillance audit is done and finally re-certification is carried out.
Benefits of ISO Certification

SMEs (Small to medium Consumers Policy Makers


sized enterprises)

Build customer Improves quality, Opens up world trade & builds a strategic
confidence that your reliability & consistency in partnership with WTO
products are safe and the delivery of services
reliable

Meet regulation • Transparency in Stimulates solutions to national and


requirements, at a lower production international issues such as disaster
cost information mitigation and recovery, efficient energy
resources and international trade
• Choice and fair
competition

Reduce costs across all Suitability of products for Save money, through providing much of the
aspects of your business vulnerable populations technical detail and safety requirements
needed for effective policy

Gain market Credibility of standards to Provides solutions to policy issues that


access across the world support consumer represent a wide range of views and
protection laws expertise and has the buy-in of many
stakeholder groups.
Inventory Management
There are two types of models:

Fixed Order Quantity Model – This model is based on the assumption that the demand for a product
remains constant throughout. It answers the question – “how much to buy” and gives the least cost of
the material.

Total cost of material can be calculated as follows:

Cost of buying + cost of holding inventory = Total cost of material

ORDER
QUANTITY

AVERAGE
INVENTORY
QTY

REORDER
POINT

TIME

This model is based on certain assumptions:

 Consumption for the product remains constant and uniform throughout


 The lorry transporting the goods takes identical time
 Lead time (time from ordering to receipt) remains constant

Q value  how much to order


Reorder point  when to order (if it takes 2 days for the consignment to reach, reorder such that the
inventory is consumed in those 2 days)  this is also known as Lead Time

Fixed period model is more convenient than fixed order model.

Total Cost

Total Annual Cost = Annual Purchase Cost + Annual Ordering Cost + Annual Holding Cost

TC = DC + (D/Q)*S+ (Q/2)*H

EOQ: Economic Order Quantity

QOPT = √ (2DS/H) = √ (2*(Annual Demand)(Order or setup cost)/Annual Holding Cost)

Cost Minimization

Consider, daily demand = d

No of days of lead time = l

Then,

Reorder point = l*d (in terms of quantity)


EPQ: Economic Production Quantity

Instead of ordering you are manufacturing the product

Production at the rate of p/day

If consumption is at the rate of d/day

Increase in inventory will be at the rate of (p-d) per day

Max Inventory Level = Q (1-p/d)

Maximum Inventory

Imax = (p-d)*t = (p-d) Q/p = Q (p-d)/p

EPQ Equation

Total cost = TCEPQ = (D/Q) S + (Imax/2) H

Max Inventory = Imax = Q (1-d/p)

Order Quantity = EPQ = √ (2DS*P/H*(p-d))

Assignment uploaded on AIS on EPQ to be completed

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