Risk Management Article

Multiple Authors
By: Gilles Hilary, Arnaud Lagarde

Eric (not his real name) was under pressure from his sales department. He was hesitant to close a large financing deal with a Chinese corporation but had little beyond his intuition to back up his position.

Dawn Marie Bailey’s picture

By: Dawn Marie Bailey

I heard the example that best helped me understand work systems and supply chains at a Baldrige training event right after the very sad 2011 earthquake and tsunami in Japan. A colleague was talking about automakers in the United States and elsewhere whose suppliers were located in the devastated region. Suddenly, manufacturers that I didn’t even realize had Japanese connections were faced with unexpected supply-chain disruptions.

Timothy Lozier’s picture

By: Timothy Lozier

Compliance is a broad term. It can mean compliance to financial obligations, quality and safety, or general compliance to any regulation that is driving the organization. When you look at the current state of quality management and safety management with respect to compliance, most of the challenges arise in the overall operations and processes that govern companies’ adherence to common standards and initiatives.

Fred Schenkelberg’s picture

By: Fred Schenkelberg

Why do so many avoid confronting the reality of failure? In plant asset management, we are surrounded by people who steadfastly don’t want to know about nor talk about failures. Yet failure does happen; let’s not ignore this simple fact.

The blame game

Unlike a murder mystery, failure analysis (FA) is not a game of whodunnit. The knee-jerk response to blame someone rarely solves the problem, nor does it create reliability in the workplace.

Yo Delmar’s picture

By: Yo Delmar

In June 2015, it was initially reported that the U.S. Office of Personnel Management (OPM) experienced a massive data breach, potentially affecting as many as 4 million current and former federal employees.

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Randall Goodden’s picture

By: Randall Goodden

E

very year in the United States, an estimated 80,000 product liability lawsuits are filed, and thousands of products recalled—and that’s happening to companies with certified quality programs in place.

Multiple Authors
By: Marc Dominus, Douglas Montgomery

The key challenge for risk professionals is no longer how to establish an enterprise risk management (ERM) program, but how to sustain its effectiveness. Often, ERM programs get off to a great start but soon lose their momentum because of certain missteps that occur.

Chad Kymal’s picture

By: Chad Kymal

The final draft international standard (FDIS) of ISO 9001:2015 will be released in July, and the revised standard is slated for publication in September. Per Annex SL of the “Consolidated ISO Supplement,” some elements of the standard will be restructured to allow for easier integration of multiple management systems.

Benjamin Mack’s picture

By: Benjamin Mack

Suppliers play a major role in bringing products to market. This means that the product received from suppliers must be safe and of the highest possible quality, which is a must because stakeholders not only rely on their suppliers to help bring products to market—they also rely on them to help maintain their brand image.

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