The article delves into the significance of risk-based thinking in the ISO 9001:2015 Quality Management System (QMS) standard. One of the primary concepts introduced in this standard is the systematic approach to considering and addressing risks and opportunities as an essential component of the quality management system. This approach contrasts with the previous version, ISO … [Read more...] about Risk-Based Thinking: An Essential Part of ISO 9001
Quality-Risk Management
Risk-Based Thinking and the IATF 16949 Requirements Related to Risk
Risk-based thinking is one of the more significant additions to ISO 9001:2015's list of quality management principles. Risk-based thinking involves incorporating risk analysis in an organizational quality management system, including certain risks' opportunities, probability, and consequences. The goal is to prevent identifiable problems before they happen, evaluating risks … [Read more...] about Risk-Based Thinking and the IATF 16949 Requirements Related to Risk
Closed loop supply chains 4.0: From risks to benefits through advanced technologies. A literature review and research agenda
Industry 4.0, focusing on more interconnective digital technology, has shown promising benefits for manufacturers and supply chains. Specifically, Industry 4.0 technologies could mitigate risks involving closed-loop supply chains, in which organizations rework their waste into new goods or products. This paper outlines two extensive reviews of the current operational risks with … [Read more...] about Closed loop supply chains 4.0: From risks to benefits through advanced technologies. A literature review and research agenda
Quality vs. Inflation and the Deficit
Quality professionals may have more tools to address inflation than previously believed, specifically by removing waste within their organizations. For manufacturers, eliminating waste from supply chains can lower prices, raise wages, and boost profits since waste contributes to inflation. Waste begets poorer quality as organizations spend more on unproductive labor, energy, … [Read more...] about Quality vs. Inflation and the Deficit
Risk Management Rarely Gets to the Root Cause
Large corporations typically have internal risk management functions. Many are staffed by individuals with advanced degrees—even Ph.D.s—in areas such as mathematics, statistics, actuarial science, etc. The role of these folks is to identify areas of financial risk and forestall or reduce the threat they pose to their employer’s profitability. Supply chain risk is evaluated and … [Read more...] about Risk Management Rarely Gets to the Root Cause
A Guide to Quality Risk Management
The main aim of any risk management plan is to make an adverse event less likely to be fatal to your business and reduce the damage done by similar threats when they happen again. All organizations should use risk identification, assessment and management to capitalize on their strengths and evaluate weaknesses.Similarly, quality management is a process that ensures your … [Read more...] about A Guide to Quality Risk Management
ISO 31000:2018 – Risk management
ISO 31000:2018(en)Risk management — GuidelinesOrganizations of all types and sizes face external and internal factors and influences that make it uncertain whether they will achieve their objectives. Managing risk is iterative and assists organizations in setting strategy, achieving objectives and making informed decisions. Managing risk is part of governance and leadership, … [Read more...] about ISO 31000:2018 – Risk management
Definition: High Reliability Organization (HRO)
What is an HRO?Research by a variety of experts, including Karl Weick, Kathleen Sutcliffe, and Karleen Roberts amongst others has driven the evolution of our understanding over 3 decades. Here is a current definition to work from:A High Reliability Organization (HRO) functions with systems and people in place that are exceptionally consistent in accomplishing their goals … [Read more...] about Definition: High Reliability Organization (HRO)
Risk-Based Thinking (RBT) in ISO 9001:2015
Risk-based thinking is an approach to managing quality that focuses on identifying potential problems before they occur. It involves taking a systematic look at how products or services are produced and then considering what could go wrong and what steps can be taken to reduce the likelihood of this happening.By implementing risk-based thinking into your Quality Management … [Read more...] about Risk-Based Thinking (RBT) in ISO 9001:2015
Quality Control and Quality Assurance: What’s the Difference?
Many people get confused about what constitutes quality control (QC) and quality assurance (QA). It’s important to understand the differences and how they both play vital but distinct roles in helping an enterprise achieve the highest quality standards.QA and QC work together as part of an overall quality management system (QMS) and both are essential for achieving and … [Read more...] about Quality Control and Quality Assurance: What’s the Difference?