A professional management system describes and demonstrates an organisation’s approach to running specific parts of its business
It shows powerful stakeholders you take the business of running your business seriously. You have put in place transparent processes, tools, people and sustainable practices to recognised standards (like ISO) and meet relevant legislation and regulation. It also gives confidence that the organisation cares about compliance and is showing an intent to continuously improve, which is essential in a fast-moving competitive world.
The need for professional ‘management systems’ is growing rapidly, especially for areas like information security because of growing cybercrime and increased regulation consequences like GDPR (Data Protection Act 2018 in the UK). There are also worldwide concerns over quality, health and safety in addition to environmental pressures.
These are all reasons why powerful stakeholders such as customers, shareholders and regulators are taking a greater interest in supply chain compliance. To manage their risk they are focusing more energy on suppliers, even small ones, needing to comply with standards like ISO and others, with independent certification becoming a necessity. Growing businesses also change frequently so clever stakeholders will want to know the people, policies, systems and processes are keeping pace and compliant with that change too.
Smart business owners are also seeing the opportunity to stand out from others and improve their business performance with professional management systems. A professional management system, especially one you are proud to show to others is an important sales and marketing asset to help win and retain business.
There is a compelling RoI
When developing the business case for a management system, the return on investment is generally compelling when you think about the business impact overall. It might be justified in winning or retaining one customer contract or perhaps mitigating increased risks in operation. Fundamentally its about exploiting opportunities and addressing threats. Where are yours?
1 – The opportunities from a management system
Examples might include:
- new customer contracts that rely on ISO certification
- retaining customers who are now demanding ISO certification
- efficiency savings internally
- lower cost of supply chain
- reduced staff turnover
- lower cost of sale and higher margins
- increased attractiveness to funders
Financially, how much does your business possibly gain?
2 – The threats from not having a management system
Examples might include:
- loss of some or all the customer contracts
- increased cost of sales
- litigation, fines and insurance claims
- loss of business reputation
- incident remediation and distraction costs
- failure to attract savvy new hires
- inability to raise funding or grow faster
Financially, how much does your business possibly lose?
opexo Pricing options
We have 3 packages for you to choose from depending on your goals, and clear pricing to suit the size of your team.