Novel risk management integrated model implementation: Comparison between manufacturing and service companies

Abstract

Till now a framework to define a common and unified standard model for integrated risk management systems, which is suitable to be used in all contingency factors settings, has not been found. For this reason, as the main objective of applying the standards of management systems in the organizations is to determine the risk that affects the ability of the organization to achieve its goals and desired results in addition to organizing and coordinating all operations and the optimal use of resources, the purpose is to develop an integrated risk management model for standardized management systems with growing trends such as ISO 9001:2015, ISO 14001:2015, ISO/IEC 27001:2013, ISO 45001:2018 and ISO 22000:2018 with the aim to allow organizations to manage their operations and risks appearing in a manner that reduces the use of available resources and improves the overall performance. Novel risk management integrated model in standardized management systems has three levels - correspondence, coordination and integration and putting in place a clear and structured approach to control of organizational risk. Proposed model has been checked empirically to survey contextual independence of proposed model using Mann-Whitney U*test and it has been proved that the model is context free and applicable to companies from different sectors - both in production and service companies.

The use of digital Product-Service Systems in manufacturing firms

“…The technology changes that came with the appearance of the Industry 4.0 revolution completely changed the value chains of firms from the manufacturing sector (Raiher et al, 2017;. The application of the Industry 4.0 concepts in the manufacturing sector has primarily changed production processes, and thus everything related to them (Alheriani et al, 2021;Frank et al, 2019). Accordingly, the process of providing services in production systems is also in a period of transformation from traditional to digital (Gebauer et al, 2021;Tronvoll et al, 2020).…”

Reliability and validity of organizational factors measurement in risk management of process industry equipment

“…Intensive work is done through decades on the introduction, implementation, and improvement of standards related to safety and health at work, which has certainly led to some improvements and progress in accident prevention, but the situation is far from the objectives of Vision Zero. This issue requires constant work and is striving for better results (Alheriani et al, 2021;Marhavilas et al, 2011;Spasojević-Brkić et al, 2019;Timovska, 2013). The number and cause of accidents and failures with serious consequences in factories and plants of the process industry is a topic, i.e.…”