What Is Risk-Based Thinking?
Risk-based thinking—it sounds easy. How hard can it be to think about risk? But did you know that the phrase “risk-based thinking” was only invented in 2015?
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Risk-based thinking—it sounds easy. How hard can it be to think about risk? But did you know that the phrase “risk-based thinking” was only invented in 2015?
Engraving of Samuel Colt, 1885.
Innovation is vital to the success of all businesses. Innovate or perish is the new mantra. Leaders must perpetually reinvent their processes, products, and services, because they typically have multiple competitors offering similar offerings.
Manufacturers face a critical challenge: capturing, standardizing, and scaling workforce knowledge. Skilled workers are retiring, and labor shortages are persisting. Outdated, paper-based documentation can no longer keep up.
Global risks are rising, and many companies are struggling to adapt.
(InventHelp: Pittsburgh) -- “I wanted to create a new tool for taking measurements at great distances, where normal laser devices would be limited to short-distance restrictions,” says an inventor from Miami.
(Mitutoyo: Aurora, IL) -- Mitutoyo America Corp., a leading manufacturer of precision metrology instruments and solutions, has added a new Surface Roughness Tester SJ-220 Series to its line of form measuring instruments, provi
Workforce development is an essential yet frequently overlooked aspect of supply chain management in manufacturing.
Outliers are values that don’t “fit in” with the rest of the data. These extreme values are commonly considered a nuisance when we seek to summarize the data with our descriptive statistics.
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