Standardization - Other Uses

Other Uses

• In statistics, standardization refers to conversion to standard scores.
• In test theory, standardization refers to measurements or assessments conducted under exact, specified, and repeatable conditions.
• In supply chain management, standardization refers to approaches for increasing commonality of either part, process, product or procurement. Such change will enable delayed making of manufacturing or procurement decisions, thus reducing variability found in having many non-standard components.
• From a New institutional economics point of view, standardization process starts with a social problem known as "coordination dilemma". Standards, as "voluntary norms", serve to facilitate the resolution of coordination dilemmas and realize mutual gains; then standard refer also to a kind of social dilemma solution.
• In international marketing, standardization refers to a uniform global or regional product strategy which capitalizes on both the commonalities in customer needs across countries and the passing-on of cost savings to the customer via lower prices, thus following a product-driven orientation of achieving lower costs through mass production.