ISO 9000 & AUDITS WORLD CONFERENCE
Risk Based Thinking & Supply Chain Compliance
Presenter: Andrew Cole, Principle Consultant, ARC Verification, Parrish, Florida, USA
Keywords: Quality, Compliance, Supply Chain, Risk
The increase in outsourcing and emphasis on risk has become a central part of many organizations’ strategies. This has proven invaluable for increasing gross net margins, due to the key advantages of available labor and logistics. However, it is becoming more and more apparent that with these advantages come risks. Though not always financial, these risks - associated with quality, social, ethical, environment, health and safety and product safety factors - can rapidly affect margin gains and brand and reputation. Proactively mitigating these risk factors is critical and feasible through a consistent and disciplined approach of identification, assessing and planning. This presentation covers a three- step solution that enables organizations to identify risk both internally and externally, assessing the risks against the severity and likelihood of occurrence, and finally planning and scheduling risk actions.