Operational Risk Management

The term Operational Risk Management (ORM) is defined as a continual cyclic process which includes risk assessment, risk decision making, and implementation of risk controls, which results in acceptance, mitigation, or avoidance of risk. ORM is the term used in the oversight of operational risk that can result in potential gain or loss of something with value resulting from inadequate or failed internal processes and systems, that includes human factors, and external events.

Control of internal processes is critical to the successful operation of any organization. The cost of poor quality has eroded the bottom line and created customer dissatisfaction such that many corporations have lost production contracts to their competition.

Properly executed Operational Risk Management (ORM) consulting will evaluate where the bottlenecks and hidden failure costs are in your production processes, suggest various types of preventative controls to reduce overall cost of quality, increase production throughput and customer satisfaction.

Sharrix has expert senior staff that have guided hundreds of diverse global companies in quality management. This experience has given Sharrix insights into what works and what does not work. Our experts will develop a business plan that fits your operational needs and objectives. Sharrix consultants speak from both a technical and management viewpoint to ensure key performance measurables are met, thereby satisfying customers and shareholders.

• Management key performance measurable reviews to identify areas requiring improvement
• Guide management teams in Value Analysis (VA) studies to improve production throughput and product quality while reducing production cost
• Guidance in choosing appropriate statistical techniques in your manufacturing operations to improve product quality and enable consistent delivery of finished goods that meet sensitive time delivery schedules
• Root Cause Analysis facilitations to assist your company team in resolving the repetitive problems that often cause major disruptions, costs overruns, and dissatisfied customers.