ISO 9001:2015 – The role of Supply Chain Risk Management (SCRM) in quality management

The International Organization for Standardization, better known as ISO, made significant changes to their 9001 global standard for quality management systems in September of 2015. The main focus of the revisions is to make the existing standard less prescriptive. Rather than laying out detailed procedures that must be followed by companies who wish to earn or maintain the ISO 9001 certification, they have shifted towards an emphasis on process and performance. This change reflects the reality that a greater range of industries and corporate structures want to employ the standard. By making its application broader, ISO 9001 is able to be implemented in a wide variety of organizational types.

 

ISO 9001:2015 revision supply chain risk management

ISO 9001:2015 revision supply chain risk management

Demonstrating ‘Risk Balanced Thinking’ via Supply Chain Risk Management (SCRM)

Beyond the general structural changes, ISO 9001:2015 notably elevates the role of supply chain risk management (SCRM) in quality management. In keeping with the broadly applicable nature of the standard, ISO outlines recommendations for institutionalizing SCRM through process, talent, and technology. By the third quarter of 2018, companies must demonstrate that they have infused their teams with ‘risk based thinking’ at the individual contributor level up through executive leadership. This is to ensure that supply chain risk management is consistently represented in strategy development, decision making, and execution.

Technology also plays a key role in the revised standard. Companies are encouraged to establish a closed-loop process that encapsulates risk identification, threat & impact evaluation, risk mitigation, and control. Centralization of data as well as integration with adjacent systems and processes must be supported. The goal is to bind together the many corporate functions with SCRM impact and responsibility, such as supply chain, procurement, finance, and sales.

Safeguarding your business

The riskmethods solution delivers the improvements that ISO 9001:2015 revision was designed to bring about. riskmethods reduces corporate response time and provides additional protection of annual sales. Through automation, these achievements are possible with an investment of 1 hour per week. Read more about the ROI of SCRM here.

ISO 9001:2015 supply chain risk management

ISO 9001:2015 supply chain risk management

Whitepaper ISO 9001:2015 in the context of SCRM

Our advisory brief, “ISO 9001:2015 – The Expanding Role of Risk in Quality Management”, places particular emphasis on the importance of supply chain risk management (SCRM).

The whitepaper discovers:

  • What steps companies must take to demonstrate the requisite investment in SCRM by Q3 2018
  • Frameworks that can be employed to expand the institution’s mindset regarding risk
  • How the riskmethods solution meets or exceeds the ISO recommended closed loop process

Download your free copy now.

Do you want to learn more about supply chain risk management and how our software solution even exceeds the ISO recommendations?

Is your business aware of the new ISO revision? Here’s a summary of what ISO is all about and what you should be aware of.

We are looking forward to your comments below or your personal message.

Kelly Barner is the Owner and Editor of Buyers Meeting Point, LLC. Kelly has a unique perspective on procurement from her experience on both sides of the negotiation desk. She has led projects involving members of procurement, supplier and purchasing teams. She has practical skills in strategic sourcing program design and management, opportunity assessment, knowledge management, and custom taxonomy design and implementation.

Kelly has her MBA from Babson College as well as an MS in Library and Information Science from Simmons College. She was recognized as a Supply & Demand Chain Executive ‘Pro to Know’ every year from 2012-2016. In 2013 Kelly was also recognized as one of S&DCE’s 28 ‘Top Female Supply Chain Executives.’ In 2014, Kelly co-authored Supply Market Intelligence for Procurement Professionals: Research, Process, and Resources and in 2016 she released her second co-authored title, Procurement at a Crossroads: Career Impacting Insights into a Rapidly Changing Industry.


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