13.07.2019 Views

SUMMER 2019

Distributor's Link Magazine Summer 2019 / Vol 42 No3

Distributor's Link Magazine Summer 2019 / Vol 42 No3

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

34<br />

THE DISTRIBUTOR’S LINK<br />

Rob LaPointe AIM TESTING LABORATORY<br />

Rob LaPointe is a noted authority in materials and fastener technology. With extensive experience<br />

in the management and science of materials testing laboratories combined with master’s degrees in<br />

physics and education, he excels at bringing solutions to the client. Working specifically in the fastener<br />

testing industry, he has developed expertise in mechanical, nondestructive, metallurgical and chemical<br />

testing. With a background of 20 years in physics education, Rob is effective at communicating complex<br />

ideas in a simple and understandable manner, communicating well with clients enabling them to make<br />

informed decisions about their products and business. AIM is located at 1920 Cordell Court #101, El<br />

Cajon, CA, 92020. Tel: 909-254-1278, email: sales@aimtestlab.com or online at www.aimtestlab.com<br />

USING YOUR QUALITY MANAGEMENT SYSTEM AS A<br />

TOOL FOR MINIMIZING YOUR COMPANY’S RISK<br />

Risk is a four-letter word that many people want<br />

to avoid. Avoidance, however, is like the proverbial<br />

“head in the sand” and can lead to significant negative<br />

external impact if something goes wrong and one is not<br />

prepared for it. It can also lead to significant personal<br />

or internal impact by developing a habit of poor decision<br />

making that can cause you<br />

or your company to miss<br />

out on an opportunity. If<br />

the odds of something bad<br />

happening are low enough,<br />

then closing our eyes and<br />

ignoring the possibility of<br />

disaster can bring us sense<br />

of peace in the present.<br />

But that peace may not<br />

be as solid as we would like to believe and the odds of<br />

something adverse happening may not be as low as we<br />

guess them to be. A simple practice of risk assessment<br />

can move us from the realm of beliefs and guesses to a<br />

more certain platform that offers us a more predictable<br />

perspective, allowing us to make more aggressive and<br />

productive personal and business decisions.<br />

Research tells us that we are a “feel-good” culture and<br />

that avoiding bad news is a tendency we have that helps<br />

us to maintain our positive view. This tendency to filter<br />

potential negative news is called information avoidance.<br />

The problem is that reality, beyond our closed eyes, is not<br />

controlled by our positivity alone. Much of what happens<br />

globally is outside of our control and much of what<br />

happens locally is beyond our influence. So, if we can’t<br />

really have significant control over what happens, our best<br />

position is to correctly identify and compare the effect or<br />

TECHNICAL ARTICLE<br />

impact of possible outcomes to the probability of their<br />

occurrence and make decisions based on that evaluation.<br />

The good news here is that there is a more sensible way<br />

to “feel good.” We can feel good by knowing that the<br />

decisions we’re making or our involvement in business<br />

deals have been examined and are most likely going<br />

to have beneficial results.<br />

Gaining this knowledge<br />

is not only beneficial for<br />

the resulting decisions but<br />

making the risk assessment<br />

process a standard part of<br />

your business’ decisionmaking<br />

process can have<br />

a tremendous impact on<br />

the culture of the company<br />

and its profitability. Using a decision-making tool to<br />

weigh the options in your favor is standard practice in risk<br />

assessment. Table 1 shows an example of a comparison<br />

tool to aid in the evaluation of probability of occurrence<br />

compared to the effect of occurrence. This is a highly<br />

functional tool that can be used quickly to access the risk<br />

of a single decision or multiple components of a decision.<br />

If you’re operating a business in a technical field like<br />

fasteners, there’s a good chance that you have adopted<br />

a Quality Management System (QMS). For some, your<br />

QMS is a fully accredited and fundamental function of your<br />

business. For others, your QMS may be a formal system<br />

you follow without having accountability to any authorizing<br />

organization. Still others may be operating without any<br />

formalized QMS in place but have policies and procedures<br />

that guide you in delivering a suitable and predictable<br />

high-quality product to your customers.<br />

CONTINUED ON PAGE 136

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!