The Launch of AS9100 Rev C Will Make Firms More Competitive

The International Aerospace Quality Group (IAQG) released a revision to AS9100, the quality management system (QMS) for the aviation, space and defense industries.  But, unlike the recent release of ISO 9001:2008 (which was more of an amended version), Revision C will have considerably more impact.  Its benefits, however, far outweigh the impact of implementation.  The new requirements are intended to make significant improvements in quality and reductions in cost – throughout the value stream.The Standard’s payload includes several new requirements and clauses that focus on planning, project management, and risk management.  Its trajectory will also traverse on-time delivery performance, the formal monitoring of customer satisfaction trends, and formal plans to ensure continual improvement – all are mission critical.  IAQG’s mission is to dramatically raise the on-time, on-quality delivery (OTOQD) performance across all three business sectors.BackgroundTo do business in aerospace today, you need to comply with AS9100, the international standard for aerospace quality.  AS9100 now includes the requirements of the ISO 9001:2008 Standard, plus additional requirements imposed by the aerospace, aviation and defense industries.  AS9100 places additional emphasis on structured design and validation methodologies, configuration management, and identification and traceability.IAQG is the lead organization responsible for revisions.  The first draft of the AS9100 revision was developed in July 2007, after considerable inputs from stakeholders.  A coordination draft was sent to all stakeholders in November 2007.  The IAQG 9100 Team met in April 2008 to address all comments.  The formal ballot draft was released in May, and the official release was on January 15, 2009.The IAQG 9100 team consists of eighteen members representing Americas, Europe, and Asia-Pacific IAQG Sectors.  Among the various stakeholders are:  Civil aviation authorities, defense and space industry and authorities, certification/registration bodies, trade associations and IAQG member companies.Transitioning to AS9100CTransition details are still being finalized.  We expect that both revisions will remain current for over 2½ years.  IAQG has proposed a maximum thirty month implementation schedule from date of publication.  Unfortunately, it is not quite that simple.  The reason is because AS9101D, the Quality Management Systems Assessment Standard, has not yet been approved.This Assessment Standard is currently being revised in order to simplify it, and to make it easier to facilitate a value-added, process-based audit.  Changes are expected to be rather significant.  And it isn’t until this sister Standard is approved, that the approximate six-month development period (for sanctioned courseware to train third-party auditors on the revised standards) can even begin.If the AS9101 Standard is released in the next several months (Q1 or Q2) – and if it takes about six-months to develop sanctioned training materials – it probably will be Q4-2009 or Q1-2010 before any certification body can audit to the AS9100C Standard.  So, third-party auditors can’t do anything until the AS9101 Standard is also launched, and the sanctioned training materials are released to the certification bodies.Once the Assessment Standard has been released, the primary thrust of the first six months will be to develop auditor training materials.  The challenge for the next twelve months will be to train the certification bodies and auditors.  This suggests that the earliest opportunity for organizations to be registered to the new Standard (early adopters) will be about six months from publication of AS9101D.During the next twelve months, all organizations that have not opted for early adoption will need to upgrade to the new Standard at their next surveillance audit or re-certification.  So, it appears that the maximum allowed time to upgrade will be thirty months from publication of AS9101D, and any certifications that are still to AS9100B will no longer be valid.  Detailed transitioning requirements will be available at or around the time AS9101 is officially released.Overview of the ChangesRevision C changes include expansion of the scope to include “Aviation, Space and Defense,” changes to the design specification, greater focus on planning and project management, and additional emphasis on risk management and mitigation.  Keep in mind that ISO 9001:2008 changes have also been incorporated.Additionally, two new terms were introduced – special requirements, and critical items.  Special requirements are those identified by the customer, or determined by the organization, that have high risks to being achieved.  Critical items (e.g. processes, characteristics, parts, software, etc.) are those that have a significant effect on product realization and use of the product.These changes present new challenges to those working to the AS9100 Standard.  For example, emphasis on risk management serves to reduce liability and costs associated with “escapes,” as well as to obviate costs associated with remediation (that might also include litigation).  Essentially it requires organizations to establish a process for managing risks to achieve customer, statutory and regulatory requirements.Other implementation benefits include measuring, analyzing and improving product quality and on-time delivery performance, and the formal monitoring of customer satisfaction data and trends.  Also, improvement plans will be needed to ensure continual improvement.  Understanding and embracing these changes will better position your organization for growth and profitability.The Path ForwardThis is a good time to evaluate the overall effectiveness of your current quality (business) management system.  If you are not measuring on-time delivery performance and customer satisfaction trends, do so, and don’t wait.  This is no time to procrastinate – it just makes good business sense.If you want to brush-up on project management and be better prepared to address the new clause (7.1.1), ISO 10006:2003 QMS – Guidelines for Quality Management in Projects can be used as an information resource on how to apply project management, using ISO 9001′s principles and structure.In addition, we encourage you to visit the official IAQG website at http://www.iaqg.org for additional information.  And if you come across any articles by L.L. “Buddy” Cressionnie, read these.  He is the Americas lead for the IAQG 9100 Team.  Visit the SAE International website as well at http://www.sae.org for related useful information.  Just click on “aerospace.”Also, obtain a copy of the AS9100C Standard. Copies can be purchased from your national standards body, ANSI, in the United States, SAE International, or from the American Society for Quality.  Remember, this standard includes ISO 9001:2008 QMS requirements and specifies additional aerospace, aviation, and defense QMS requirements – shown in bold, italic text.One last thought.  AS9100C provides the framework for a fundamental business model.  It is the foundation from which to build a competitive, customer-centric enterprise.  If you think it’s just another standard that can be taken lightly, think again.  It makes a strong business case.  And that translates to improved business results, and a sustainable competitive advantage.  It’s a matter of survival!

Financing And Refinancing Through Commercial Loans

Business establishments all over the world need a proper channel of cash flow so that they can maintain regularity in growth and diversification. As it is rightly said, finance is fundamental to the growth of an old business and vital for any businessman to put the business planning take into action.

Loans for business purposes are available by pledging commercial properties or by borrowing without supplying any security. In both cases, there are lots of differences like the loan eligibility, the rate of interest offered by the lender, the loan tenure and repayment conditions. A successful business project is very often an organized one. You have to plan it well and supply with right dose of capitalization. If over capitalization of business can result in lower earning per share, the under capitalization can also have its negative effect in the form of unnecessarily high stock prices that are unrealistic.

A successful businessman always takes care of under investments and over investments. More complex financial aspects are taken care of by the financial experts and brilliant business minds. But, arranging for the daily cash flow requirement is relatively low level task that is handed over to the delegates having authority to deal with day to day functioning of the company. Business loans are one of the easiest means to ensure that any shortage in funds is met effectively at lower rates and in a competitive environment.

If you are seeking funds for a new venture, it will be perfect to take care of every possible aspect so that no problem arises later on. The root level problem that people face is the lack of knowledge when they go out and start searching for a commercial loan at low rate [http://www.loans-park.co.uk/commercial-loans.html]. The second obstacle comes when finance is made available to you. It relates to how to generate profits out of it so that interest payments can be justified. Both these things can be answered by a well-planned and well-implemented course of action. There should be a clear-cut plan of what you are going to do with money and how you are going to generate the profits. This should be your biggest and legitimate concern if you are to reach the top of the business world.

Market trends and in-depth knowledge about the business is necessary before take a plunge into it. If you are not confident, it is not advisable to take commercial business loans and risk your capital; business is surely not a fun expedition. On the other hand, there are people who lose valuable opportunities because they think that the cost of capital is too high. The market rates are bound to fluctuate in the market. There is an opportunity to refinance commercial loans if the interest rates fall drastically in the time to come. So, do not waste too much of your precious time and proceed with your plans if you are confident of the business project you are handling.

The author is a business writer specializing in finance and credit products and has written authoritative articles on the finance industry. He has done his masters in Business Administration and is currently assisting ask4loan.co.uk as a finance specialist.

Products For Sales

For anybody looking for products for sales, it is no longer necessary to get dressed, drive to a mall, and spend hours browsing stuff to find products of one’s choice and tastes. The Internet has changed the way we look for information, the way we communicate with each other, and the way we buy things. Some of the many advantages of an online shop over a bricks and mortar shop are given below:

Compare and shop: Possibly the biggest advantage that online shopping marts offer is the ability of the prospective buyer to compare features and prices of multiple products between different brands and within the same at the click of a button. No more running from shop to shop collecting brochures and trying to memorize facts. Mostly, no more post purchase dissonance when a person finally buys something only to find something better and cheaper elsewhere.

24×7 Shopping: Another great benefit of Internet shopping is that these shops are virtual; therefore, they are open round the clock making it possible for people to see products for sales at midnight or any other time that they want. This is a boon for working people who come home to find that almost all shops are closed or about to shut down. It is also more convenient to shop from home, avoiding traffic jams, parking queues, and pesky sales assistants. All that one needs is a laptop and a working Internet connection.

Offers in your mailbox: It is possible for interested buyers to get updates on offers and other product launches in the products for sales categories that they might be interested in. It is therefore no longer necessary to browse ad sections to check if your choice of product is on offer; it is delivered into your mailbox. Which means that you do not have to waste precious time looking for products for sales; once you update your requirements, you can get information packaged and delivered to you to read when able.

Convenience: Shopping in your pajamas in the convenience from your home is possible through online purchases. Products for sales can be delivered to your doorstep without you having to get out of bed. This saves time, money, and effort that can go toward doing things that you really enjoy.

Critics may argue that it is more fun to browse through things in person; it may be so for certain people and certainly so for certain product categories. But for most product categories and people, purchasing online has a lot of benefits to offer. More and more companies are ensuring that they are not only present on these shopping marts but also include online purchase options for their customers. With advancements in technology, it is natural to expect that the online purchase experience will surpass a brick and mortar shop on most counts. But the biggest benefit that online shopping offers is the huge savings that get passed onto customer by companies who are cutting down on middlemen. This means that people can get discounts ranging from 20 to 40% when they buy online as compared to a regular shop.