Enterprise Risk Intelligence for the Manufacturing Industry
Key Risk Management Challenges
Manufacturers face a diverse range of risks. Economic instability, poor business relationships, social and environmental responsibility, product delays, substandard finished goods and legislative compliance are just some of the inherent risks that may disrupt normal operations.
Failure to effectively manage these risks can damage a manufacturer’s reputation and brand integrity. The consequences of an eventuated risk such as an unexpected event or compliance breach can be catastrophic, potentially leading to an immediate decrease in sales and loss in market share, and even litigation.
Manufacturers must implement a dynamic risk management system to improve operational and strategic planning, reducing the likelihood and impact of unexpected events and compliance breaches.
To accommodate the unique business requirements of the Manufacturing industry, RMSS offers three types of packaged solutions: RMSS Subscription, RMSS Lite and RMSS ERI.
RMSS Subscription and RMSS Lite provides Manufacturers with preconfigured industry-specific data to facilitate rapid uptake of the solution and provide immediate results.
RMSS ERI is comprehensive and customisable according to individual organisational requirements. It merges compliance obligations, management of events and enterprise risk management frameworks for complete Enterprise Risk Intelligence.
RMSS' Manufacturing solutions incorporate industry-specific data enabling the user to assess risks, record events and conduct audits/observations simply by logging on. Below are examples of the solutions' capabilities, currently in use within the Manufacturing industry. Select any of the items for further details.
View audit reports by percentages and graphs to obtain a snapshot view of results.
Display data relating
to events that have occurred. Can be generated by severity.
Create a risk assessment, identify risks/hazards to be assessed, controlled and monitored.
|Risk Score Chart:
Displays average risk scores for newly assessed and reassessed risks for each month.
|Risk Matrix: |
The system enables multiple Assessment Models. Users can select the model to
For more information about our Manufacturing solutions, please download our Manufacturing datasheet and contact us to arrange a live demonstration of our software.