Nov 21, 2019   SOURCE: BusinessWire

Why Manufacturers Must Work on Improving Their Operational Risk Management | Experts at Infiniti Provide Critical Insights on the Key Benefits

A well-known market intelligence company, Infiniti Research, has announced the completion of its latest article on operational risk management in manufacturing. This article covers:

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Benefits of improving operational risk management in manufacturing (Graphic: Business Wire)

Benefits of improving operational risk management in manufacturing (Graphic: Business Wire)

  • What is operational risk management?
  • Benefits of improving operational risk management in manufacturing

There are several types of business risks and many of them are interconnected. Some of the critical risks that businesses face include reputational risks, financial risks, operational risks, supply chain risks, and legal or compliance risks. Operational risks, generally, are viewed through the lens of safety management in an organization but for manufacturers, it is important to see the link between safety and operational risk management. The rationale for improving the operational risk management process is not only limited to safety but goes beyond it. There are many compelling tested and verified reasons to improve operational risk management in the manufacturing sector. Operational risk management in manufacturing helps attain financial goals, improve and increase collaboration, standardize risk assessment, and build a risk awareness culture.

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About Infiniti Research

Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us