It sometimes seems that few people can accurately define risk management, let alone apply it in their organization. Yet, a risk management plan can help an organization identify and correct hazards and substandard work practices before bad things happen.

Cisco Systems Inc., headquartered in San Jose, California, runs one of the most complex supply chains in the global information technology industry. The company relies on more than 1,000 suppliers, four contract manufacturers, and 50,000 purchased parts.

(The Conference Board: New York) -- Despite the potentially crippling impact of security events on corporate performance, many executives report that their security function is not well coordinated with enterprise risk management (ERM) or a similar risk function, The Conference Board reports.

(UC Davis: Davis, CA) -- Engineers at the University of California, Davis are preparing to conduct the first rigorous tests of how the steel columns that secure skyscrapers to their foundations stand up during earthquakes, research that could make the towering structures safer and perhaps less

(NIST: Gaithersburg, MD) -- In fire experiments conducted in uniformly furnished but vacant Chicago-area townhouses, National Institute of Standards and Technology (NIST) researchers uncovered temperature and heat-flow conditions that can seriously damage facepiece lenses on standard firefigh

Organizations need a systematic approach for risk containment when quality, delivery, and design product and service issues occur.

On the face of it, today’s supply-chain risks don’t seem too different from any other time in history.

The ISO 9001 requirements pertaining to preventive action would get a lot more attention if people grasped the very simple fact that this is all about managing risk—which is really about managing the consequences of change.

(CRC Press: Boca Raton, FL) -- Historically important trade routes for goods of all kinds for more than 3,000 years, the Silk Road has once again come to prominence.

(Productivity Press: Boca Raton, FL) -- Most business readers have heard of the lean principles developed for factories—a set of tools and ideas that have enabled companies to dramatically boost quality by reducing waste and errors—producing more while using less.