Risk Management Tools That Help Your Business Stay in The Clear
Risk & Opportunities
Whether from regulators, shareholders, or the need to address the guidelines of ISO 31000 and ISO 14971, the pressure to implement a formal, well organized risk management program has never been greater.
The TLM Risk & Opportunities module in TLM provides your company with a robust, yet flexible platform of risk management tools that are integrated throughout the software enabling risk management implementation that’s just right for what your company needs.
Risk & Opportunities
Nothing Falls Through the Cracks!
Three Factor RPN = Severity x Likelihood x Detection
Two Factor RPN = Severity x Likelihood
Each component of the RPN receives a 1-10 value, and by multiplying them together a final RPN number is determined.
Total Lean Management (TLM) Software can be configured to use either strategy in system settings.
It also serves to create the foundation of your company’s digital landscape which saves you as much as possible from purchasing a disconnected stand-alone software and provides the technical support for integrating other information systems when necessary.
All TLM software modules are rolled up to a user specific dashboard and summaries of each user's dashboard can be automatically emailed to ensure QMS activities are scheduled and prioritized accordingly.
In addition, the TLM dashboard helps users navigate to where tasks are performed, making it easy for new users to adopt the software without having to pay for extra training before being able to put TLM software to work for your company.
Not only are all the requirements in any ISO QMS standard essentially based on identified risks, many of these standards also include requirements for specific risk management activities.
Even if you aren’t compelled from a compliance standpoint to conduct formal and organized risk assessments, doing so has several key benefits such as:
- A risk management plan can help your bottom line.
- Money spent on losses can be saved.
- A risk management plan makes for consistent and efficient operations.
- Having a risk management plan is fiscally prudent.
- A risk management plan improves a company’s brand.
- A risk management plan leads to more satisfied customers.
The best possible quality management system allows you to take a risk appropriate approach to your documentation, records, and risk analysis efforts for two simple reasons.
- Doing less than necessary will increases the risk processes are not controlled, employees are not trained, and risks are not identified, all of which will drag the company down in reactionary “fire fighting” efforts to deal with the results of inadequate QMS controls and the inevitable surprises that will result.
- Doing more than necessary will simply waste time and resources with activities that are not really making a significant difference compared to a more modest effort for any given risk or QMS procedure or quality record.
Total Lean Management (TLM) software was designed from the beginning with this requirement in mind which resulted in the custom fields, system settings, rapid updates, and Fusion Technology integration between modules to allow a company to implement a risk-appropriate detail-based QMS.
The risk and opportunity module can be directly applied to this effort, as demonstrating a risk evaluation was performed as justification for limited compliance efforts can save your company thousands in the long run compared to paying the wages for someone to spend time on more elaborate efforts that are just not realistically necessary.
Your management team can create impressive organizational growth by harnessing this basic element of the human experience and the TLM Risk & Opportunities module is part of the key tools that will make your QMS software successful.
By organizing key aspects of how work is done, managers can use TLM Risk & Opportunities software to empower employees to participate in finding opportunities for improvement and customer satisfaction while maintaining approval control to ensure additional risks aren’t introduced.
The TLM Risk & Opportunities software module ensures these efforts are well organized, linked to all other aspects of the QMS software that might be related, and assigned to ensure employees who rise to the occasion can be recognized accordingly, and are motivated to do so as a result.
Historically the decision to implement ISO was driven by the consequences of NOT being ISO certified when competitors were using ISO certification to win new business from customers who needed confidence in their supplier’s ability to consistently meet requirements.
This resulted in a lot of paper based systems set up by various “consultants” that advocated vague procedures that could technically meet the requirements of the ISO standard, but in reality did very little to improve quality or any other aspect of the business.
Times have changed, and the introduction of QMS software allowed organizations to take a different approach to their quality system and instead of wasting tons of time and money for little benefit, they are using their QMS to improve all aspects of the business.
At least the companies who could afford the high cost of most QMS software.
The whole point of ISO based quality standards is to address the minimum risks across every aspect of the business that could have consequences to customer satisfaction. Unfortunately, by calling them “quality” standards, a misperception developed over the years that caused managers to think of quality as something the “quality department” was responsible for.
Total Lean Management (TLM) Software corrects this misperception by acting as an integrated management tool not only for compliance, but as the framework for how a company evolves. Audit management software can be a vital component of this evolution, provided it is integrated with all the other aspects of the business to make auditing easier, faster, and more insightful.
There is Only One Type of Quality Management System
Over the last 20 years TLM has discovered a very basic truth when it comes to information management systems such as your eQMS, no two companies have the exact same needs.
In fact, the two biggest risks in the software selection process is either selecting software that is not flexible enough to manage information that is unique, and important to your workflow, thus forcing work arounds, or other concessions that effectively add waste to your business.
The other mistake is getting stuck with comprehensive, but inflexible systems due to their web based cloud hosting design, which forces a one size fits all approach to meeting customer needs.
And while one size might fit some, it might not fit all your needs when in the long run your understanding of those needs evolves and improves.
Total Lean Management Software, by definition, recognizes this fact, and addresses it through a dual technology, upstream / downstream user landscape approach to meeting the needs of both your upstream and downstream user types. This is combined with our tiered approach to addressing newly discovered customer needs, making sure the software works in alignment with your business systems the day after your purchase, and for all the years ahead.
These measures include:
Allows you to adapt the software to your company’s terminology.
Allows you to choose which features are applied to your process.
Incorporating employee feedback into the continuous improvement cycle creates a synergistic effect on moral, engagement, and productivity.
This capability provides insurance that your system will never leave you stuck after discovering unknown needs after implementation.
By implementing and combining modules in way that might be unique to your business or work flows.
Evolution is a team effort, and the whole team behind TLM enjoys helping companies comply with regulations, manage risk, continuously improve, and maintain a steady growth rate.
This unique TLM feature allows you to link individual screens in TLM to your own controlled procedures or work instructions for that area of the software (if needed).
Why TLM is your Best QMS Software Choice
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