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RISK MANAGEMENT BLOG

4 Ways to Manage Supply Chain Risks

 

85% of surveyed global chains experienced at least one supply chain disruption risk in 2017. Deloitte has shown that organizations who proactively manage supply chain risk spend 50% less to manage disruptions. As always, proactive risk management is more cost efficient than reactive action. An efficient supply chain is essential for the production of quality products and effective customer service.

Topics: supply chain risks supply chain risk management

Reduce Incidents Now by Creating a Safety Culture

 

Culture, in general, is “the attitudes and behaviour characteristic of a particular social group”. In an organization, it is comprised of employees’ beliefs, values, and mindsets and how these influence their behaviour. It is how they choose to go about their jobs on a daily basis and why they act in this way.

One of the most crucial aspects of an organization is its safety culture. This is particularly true in manual work environments where incidents and injuries can be common. Safety culture involves the general mindset of employees about risks and how to prevent them through reporting unsafe actions, taking proper precautions, and so on.

Topics: occupational health and safety safety culture in organizations safety culture safety in the workplace

10 Signs It's Time to Change How You Manage Risk

 

Even though risk management is a relatively new area for organizations, dating back a few decades at the most, the systems and processes that risk managers use are often outdated and ineffective. This could be the reason your risk management team is having trouble producing actionable information and delivering on results: the system is damaging their efforts. If you have experienced any of the following 10 signs, it may be time to change how you manage risk.

Topics: Manage Risk

Top 7 Risk Management Professionals to Follow on Social

Are you interested in learning about risk management and or expanding your social network? We already recommended 8 risk management blogs; today, here's 7 professionals with Twitter or LinkedIn profiles that you should be following!

Topics: risk management influencers risk management social media

Risk Management Success: The One Crucial Component Risk Managers Need To Know

 

This is a guest post written by Carol Williams, founder and principal consultant of ERM Insights by Carol. Carol helps mid-sized organizations prioritize resources to focus on the biggest threats and opportunities. Grab her free ebook on how enterprise risk management is different from traditional risk management.

All successful endeavors that stand the test of time look at the big picture. History is replete with examples. If Henry Ford did not think about the big picture of mobility and production, would the iconic brand still be around today?

The same principle is true for initiatives within an organization – if you do not consider the big picture of how it will deliver value and achieve long-term goals, the effort has a higher risk of stagnation and even failure.

Topics: ERM reputation risk big picture risk management

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