Failure mode and effects analysis (FMEA) can be used to anticipate and prevent problems, reduce costs, shorten product development times, and achieve safe and reliable products and processes. It must, however, be performed on the correct parts, by the correct team, during the correct timeframe and with the correct procedure.
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The global economy has provided organizations with many opportunities that didn’t exist even 10 years ago, but it also presents organizations with many risks due to changes, including the internet and extensive outsourcing to countries such as China and Mexico.
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The release in May of the ISO 9001 draft international standard (ISO/DIS 9001:2015) finally opened the door to comment from around the world on what will be a series of changes that surpass those in the 2000 revision—the last release considered significant.
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Water is one of the world’s most precious – and lucrative - resources, and now preserving our ‘blue gold’ just got easier thanks to a new ISO International Standard.
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ISO's standard for the exchange of messages in the financial world is increasingly smoothing out the risk of errors, with the Singapore Exchange (SGX) one of the latest financial institutions to mandate its usage by brokers, custodian banks and other stakeholders.
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