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IATF 16949:2016 The IATF 16949:2016 was jointly developed by the members of the International Automotive Task Force (IATF) in close collaboration with the International Organization for Standardization (ISO). This technical specification together with customer-specific requirements defines quality system requirements for use in the automotive supply chain. The IATF16949:2016 standard, specifies the quality system requirements for the design, development, production, installation and servicing of automotive related products. Vehicle component manufacturers have to achieve this standard to be able to supply to the world's largest automotive manufacturers.  
The certification is widely sought by automotive product manufacturers because automobile giants like BMW, Volkswagen, Fiat, Ford, GM, and Japanese auto majors recognize it. IATF16949:2016 system is available to all automotive supply chain companies.
The benefits of adopting this standard are numerous:
Increased efficiency and improved quality
Common quality system approach in the supply chain for development and consistency
Adherence to the compliance to customer specific requirements
Ensuring that the organization works more effectively
Reduction of variation and increase in efficiency
Reduction in multiple third party registrations freeing up time & supplier resources for other quality activities


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