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Regarding Risk: A Response from Verse Solutions

October 19, 2016 / by Emily Ysaguirre

This week’s post is a follow up response froRisk_Management_System.jpgm last week’s “letter”—if you missed last week’s post, see it in full here.

Dear “Looking for Improvement,”

Thank you for reaching out. Here at Verse Solutions we love to help others help themselves. You had written and concluded your letter with three questions regarding our Risk Management tools.

Let’s get started:

Does your Risk Management System allow me to build risk into my existing processes?

Yes. Our Risk Management tools allow our users to build risk into existing processes. With Risk Management, users can make informed decisions based on the data in their compliance management system. For example, Risk Management links with the Corrective Action system to filter events by criticality. This means that you have insight into the events that are most detrimental to your business, so you can address those first.  

Does it provide me the proper tools to quantify my risks and provide guidance on actions to take to solve them?

Yes. Once you identify potential failures and quantify their risks you can begin to take action. Tools like Job Safety Analysis allow you to break down a job, design or process into components and identify hazards to avoid risks or mitigate their occurrence. Applying this to processes fosters improvement with interconnected steps.

Does it give me the ability to view all of my risks, report on them and allow me to make improvements?

Yes. A tool called the Risk Register allows you to view all risks in a centralized location, giving a comprehensive overview and allowing you to filter and prioritize the outcome individually and appropriately. All risk tools cooperate with reporting which means that with a little help from other modules you can run reports that show insight into problem areas and ultimately issue a corrective action if needed. Centralized reporting makes it simple to collect data from across an organization and put it to better use.

Overall, most companies today find themselves having to watch out for issues before they take place. For one resource this can be extremely time consuming and you can spend so much time planning ahead for prevention that you can miss out on exactly what is taking place right before your eyes. To help manufacturers, there are many different modules that come along with a Quality Management and Compliance Management system to proactively address issues before they occur.

Since you have expressed to me that you manage many tasks daily and assign jobs to certain employees I truly believe that automated technology would help you with your needs. A single solution can help achieve compliance with built in modules like:

  • Employee Training
  • Document Control
  • Corrective Action
  • Risk Management
  • Audit Management

The Verse compliance management solution helps you manage and track compliance in real time, so you can keep up with the pace of your business. Our integrated modules inherit data from one process to the next, ensuring a continuous communication loop. This is a huge benefit for someone like yourself who has many daily tasks and needs to foster visibility and control throughout the business.

If you have any more questions, please be sure to reach out.

Sincerely,

Verse Solutions

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Topics: Quality