Being IATF 16949 compliant is not a regulatory requirement but can also benefit the businesses by improving processes and efficiency that drives cost savings. Besides ensuring customer satisfaction and improvement, some of the other advantages to get IATF 16949 certification include—

Reduced operating costs
Improved stakeholder relationships
Proven business credentials
Ability to win more business
Global recognition as a reputable supplier to the automotive industry
Consistent quality approach
Fully integrated processes