Failure to innovate and evolve has been the death knell of many former industry leaders – think of Polaroid or Digital Equipment. Both are no longer relevant,, and both failed to respond effectively as the world around them changed. Lack of innovation is in itself a major risk and, for many companies, IT is a a key enabler (or dis-abler) of innovation. Continue reading
What is reliability management? Reliability Engineering? Would a product design or an organization benefit with a focus on reliability management and engineering? What is the value of a focus on reliability?
Any organization, that develops and produces products, has resource limits. It may be talent, capabilities, time, funding, or some combination of these. Yet, the goal to create a product that meets customer expectations includes the concept of product reliability. The product should provide the expected functions over time, without failure. This expected product reliability occurs, even if the design requirements and advertising do not explicitly mention product reliability. Continue reading
I had an interesting conversation this week on the topic of risk. As you may know, risk is the combination of consequence (what happens) and likelihood (chance of it happening). The concept of consequence is generally easy to understand, but likelihood is sometimes a source of contention.
This particular conversation was concerning the determination of the criticality of a piece of equipment and centered around whether likelihood should be based on the history of the circumstances you are considering. My colleague was arguing that the chances of this particular piece of equipment to fail was directly tied to the failure rate of this piece of equipment at this point in time (Historic). I asserted that the chances of failure is more of a statistical or general probability (Experiential). Continue reading
For review copy, Email Adam Wise at:
Standards@ASQ.org
Pay Attention to below caveat from ASQ:
Disclaimer: ISO/DIS 9001 is being provided for the purpose of review and comment related to the preparation of the U.S. position. All other rights are reserved.
Please note – ISO/DIS 9001 is not final and should not be used for making changes to existing quality management systems. Anticipated publication of ISO 9001:2015 is expected in the 3rd quarter of 2015.
Bio:
Greg Hutchins PE and CERM (503.233.101 & GregH@QualityPlusEngineering.com) is the founder of:
CERMAcademy.com
800Compete.com
QualityPlusEngineering.com
WorkingIt.com
He is the evangelist behind Future of Quality: Risk®. He is currently working on the Future of Work and machine learning projects.
He is a frequent speaker and expert on Supply Chain Risk Management and cyber security. His current books available on all platform are shown below:
The supply chains of most companies, large and small, exploit a world of opportunities. But increasing global exposure comes with an increasing range of risks. These companies’ complex networks of suppliers and customers are as diverse as the goods and resources they manage. Within the same supply chain, giant multinational companies can sit side-by side with small to medium enterprises (SMEs). Yet among companies large and small there is growing awareness that extreme weather and a changing climate pose new risks and opportunities to old ways of doing business. Continue reading