Singapore supermarket saves 4.5 m Singaporean dollars a year with standards

Using standards has helped NTUC FairPrice, Singapore's largest retailer, save approximately 4.5m Singaporean dollars a year.

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The company uses a number of standards to help improve efficiency in the manufacturing, storage and distribution of goods.

"We use cold chain standards, palletisation standards and barcode standards which have benefited us in many ways," explained Managing Director of Business Operations, Mr Gerry Lee.

"Overall the implementation of these standards helps us to save 4.5m Singaporean dollars a year in addition to creating a culture of continuous improvement," he added.

Watch the video about how NTUC FairPrice uses standards.



These findings are from a study by ISO and NTUC FairPrice following the ISO Methodology – a way to assess the economic impacts of standards. You will find more information about this case study and others at our Benefits of standards page.


Katie Bird
Katie Bird

+41 22 749 0431
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press@iso.org

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