For one reason or another, there are far more audits of a product, service or process than audits of systems. While system audits verify management system conformance or compliance, their more prevalent brethren focus on the verification of specific methods and product or service characteristics. Continue reading
Malls are going south in the U.S. General retail may also go the same way, unless shops transform themselves. Here’s our story why retail is facing an apocalypse.
My family used to own two businesses in different malls. The rent in the mall was ten times higher than a retail space outside the mall. Also, the retailer would have to sign a rental contract for five to ten years and every year the rent would increase. Continue reading
In my past two blogs, we have examined the risk-aware culture[i] and the risk management process[ii] as found in ISO 31000:2018 and COSO ERM 2017. This blog will address the third structural element defined by these documents – “risk management framework.” ISO 31000:2018 includes the risk management framework along with the risk-aware culture and the risk management process. COSO ERM 2017 is a risk management framework even though it addresses what ISO 31000:2018 addresses in its three-component risk management standard. Continue reading
We are entering a time of global trade wars: US vs. China, US vs. EU, EU vs. China and frankly:China vs. The World.
And, it’s not going away. China is on it’s way to becoming ‘evil empire.’ The new Soviet Union of unfair trade.
THE MOST CRITICAL QUESTION
This means that companies must now revisit and answer their most critical question: ‘Make or Buy’ products that used to be made by suppliers Continue reading
So, if you haven’t successfully completed your transition activities by Sept 15th 2018 then you will lose your certification – and need to start the whole process again. Is that you? Continue reading