Operational Risk Management (ORM) centers on Environmental, Health, and Safety (EHS) risks that can cause accidents or incidents anywhere work takes place, whether it's a manufacturing plant, an off-shore drilling platform, a mine, a marine terminal, and so forth. This post will discuss why and how operational risks need to be managed effectively, the three essential ORM process capabilities, and considerations for implementation.Read More
“Sticks and stones may break my bones, but words can never hurt me” is a phrase I remember from my childhood that may not be true. One need to look no further than today’s highly charged political environment to see that words can matter. In asset performance management (APM) this is also true.Read More
EtQ’s 2015 User Conference took place from October 12-14 in the oasis that is the Sheraton Wild Pass Resort, just south of Phoenix, AZ. As record-threatening October temperatures soared, around 350 attendees convened for the three-day event. The attraction pertained to product news, interactive workshops, and partner and customer presentations.Read More
While not a new thing, risk management is increasingly embedded into aspects of environment, health and safety (EHS) performance, as well as all other aspects of corporate performance, including manufacturing operations, asset performance, quality management, and supply chain management among others.
Like many things in life, enterprise quality management approaches are not static. Certainly there are timeless elements of quality management strategies that have been applied for decades and will continue to be applied over time. But advances in computer and web-based systems have brought specific quality management tactics to the next level. We are now witnessing an unprecedented level of access and visibility into quality management metrics and performance, in some cases on a real-time basis.
Maintaining compliance and managing risk across a global enterprise can be a daunting task. And it becomes even more of a challenge when you throw in factors like operating in multiple countries with multiple legacy systems and procedures in place, which is often the case when companies reach a global scale.
In April 2013, Nissan, Honda, and Toyota were involved in a recall of 3.4 million vehicles. The recall impacted vehicles in North America, Japan, and Europe, and was issued regarding airbags supplied to each company by the world’s second largest airbag and seatbelt maker, Takata Corp. The airbags are said to be at risk of catching fire. This recall highlights a trend of cost-focused automotive organizations taking on more operational risk without the proper global traceability and containment capabilities.
Life sciences organizations face a uniquely competitive environment. Each needs to maintain compliance while continuously improving operating margins and introducing new products. Because of this, it's vital that quality, risk, and Environment, Health, and Safety (EH&S) efforts are aligned and then optimized with key resources: people and leadership, business processes, and supporting technologies.
Tightening regulations, along with heightened consumer expectations are impacting the approach organizations are taking with compliance. To effectively mitigate risk and ensure the quality of products and processes, a robust set of audit management capabilities is required.