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Improved Operations: Remember, the requirements of ISO 9001 are good business practices. Experts from around the world got together and identified the basic elements a business should put in place to have a good quality management system. By using the ISO 9001 standard to design your quality management system you are drawing on this expertise. You will be designing and installing an effective quality management system that will lead to improved operations. Improved Operating Margin: This improvement in operations also leads to an improvement at the bottom line, an improvement in operating margin. A recent survey of 700 companies showed an average improvement of 5% that managers attributed to having an ISO 9001 quality system. External Recognition: ISO 9001 is international and is recognized worldwide. When you are ISO 9001 registered other companies know that you have a quality management system in place. They know you have a corrective action system, a system to handle client complaints and nonconformances. They know that you are continually addressing problems and improving your operations and performance. Market Expansion: Some marketplaces require ISO 9001 registration. You will be able to sell services or products to these markets. Some marketplaces do not openly require registration but prefer to work with ISO 9001 registered providers. An unregistered company faces a definite disadvantage in these markets.