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RISK MANAGEMENT BLOG

Kayla Hickey

Recent Posts by Kayla Hickey:

The Manufacturing Supply Chain: Top 10 Risks to Consider

 

The risks that impact the supply chain of manufacturers is continuously growing and changing. The supply chain is vulnerable to countless risks such as supplier relationships, manufacturing processes, shipment of finished products, and more. When conducting a risk management plan for your business, there are many major risk factors that are completely out of your control.

Topics: supply chain risk management supply chain risks Manufacturing manufacturing supply chain

Warehouse Risk Assessment: 4 Important Factors

Warehouses in North America incur about $500,000 in losses every eleven days due to unforeseen risks. When operations include the use of warehouses, it's important to consider potential risks and how to lower the probability of them occurring. Otherwise, the warehouse may be vulnerable to millions of dollars in losses. 

Topics: warehouse risk warehouse risk assessment Warehouse risk management

5 Tips to Manage Employee Risk

In Canada, bodily exertion and contact with objects and equipment are the top two events that cause employees to miss work. Risk assessments can be used to protect both the safety of the employees and the security of the business or organization. In industries where heavy machinery and intense labor are required, it's important to take extra measures to thoroughly manage the risks that can put employees in danger.

Topics: employee risk management risk assessment employee risk workplace assessment

3 Important Factors to Consider When Tracking Near Miss Incidents

 

Does your organization have a process and program enabled to easily report on near misses? Are corrective actions being implemented to lower the frequency and severity of future occurrences? Are employees risk sensitive? A near miss is an unplanned event that did not result in injury or damage - but had the potential to do so. When only reporting claims and omitting near misses, your organization is not getting the full picture of potential hazards.

Topics: Claims Management incident management software near miss near miss reporting incident management incident reporting root cause analysis root cause incident reporting software

Supply Chain Risk Management: A Few Things You Should Consider

 

It's important to consider your company’s risk exposure when entering into a business relationship with a third party. How will your operations be impacted when a supplier is late delivering essential materials? What if you receive damaged materials? There are a number of options that can be implemented to mitigate risks associated with your supply chain.  

Topics: supply chain risk management supplier risk Supplier risk management

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