Systemex provides risk evaluations, tolerance level assessments, management programs, and asset criticality analyses that aim at reducing the risks associated with your operations.
We help you investigate all the risks associated with workstations, equipment, and processes.
Risk Management recognizes that failures have significant consequences, other than simply downtime, including:
- Health and Safety Impacts
- Product Quality & Integrity Impacts
- Company Loss of Reputation
- Environmental Impacts
- Customer Service Impacts
- Workforce Morale Impact
FIND OUT MORE ABOUT RISK MANAGEMENT SERVICE OFFERING:
Risk Management Strategy Development & Implementation
Based on FMEA, RCM3 and the ISO 55000 standards, Systemex’s Risk Management Process allows you to create a risk management strategy that is aligned to your corporate objectives, your tolerance to risk and your operational context.
This structured approach enables your team to identify critical failures and implement contingency plans to control their probability and mitigate their consequences. Furthermore, as a corporate member of the Institute of Asset Management, Systemex can ensure that your risk management strategy meets the latest standards and practices.
Our methodology enables you to make rational decisions about risk.
Fourth Generation Maintenance
Systemex’s fourth generation risk management methodology helps you reduce the impact of potential risks on your business and maximize your profitability.
Specifically, our methodology allows you to identify asset-specific maintenance strategy, from run-to-fail to proactive, depending on the context, to manage the probability and consequences associated with each critical failure.
Deliverables/Gains:
- Rational and Cost-Effective Maintenance Task Selection
- Process and approach that contribute to increased credibility and controls
- Reduction of effort and costs to address insurer requirements
A balanced approach to maintenance is the key to a successful strategy implementation:
Reliability-Centered Maintenance (RCM2 & RCM3)
The objective is to identify and eliminate the cause of failures to avoid the consequences and, ultimately, extend the life of your equipment.
RCM2 and RCM3 provide a rigorous framework to identify hidden failures – failures that will not become evident to the operating crew under normal circumstances – and to create failure finding tasks that will eliminate the probability of hidden failures or mitigate their consequences based on maintenance and operational data.
Protective devices are typically associated with hidden failures.
Since Systemex is a member of the Aladon Network, you can use our support to implement your Reliability-Centered Maintenance projects with confidence.
The Aladon Network is a global community of reliability professionals whose members are certified Practitioners and Facilitators in the delivery of Reliability Centered Maintenance (RCM2 & RCM3), Condition Assessment, Risk Based Inspection (RBI3), Root Cause Analysis and Asset Prioritization.
Technical Due Diligence
Systemex supports your team throughout the M&A process as it pertains to the evaluation of the physical assets.
In the current 4th generation of maintenance, all impacts to the business are considered, not only maintenance cost and equipment reliability, but also: Safety & Security, the environment, product quality and customer satisfaction.
Systemex’s due diligence reports include:
The Asset Health Index (AHI) for all the assets included in the transaction
Asset Inventory and Status
Equipment Life Cycle Assessment and Investment Recommendations
Warranty, Service Agreements and OEM Contracts Evaluation including service levels
Industrial Risk Management: Ensuring Safety and Resilience
ndustrial risk management is a strategic approach aimed at identifying, assessing, and mitigating risks associated with industrial operations. These risks can range from safety hazards and equipment failures to environmental impacts and operational disruptions. Effective management not only protects employees and assets but also ensures business continuity and regulatory compliance.
One of the core elements of industrial risk management is hazard identification. This involves analyzing operations to pinpoint potential risks, whether they stem from machinery, chemical processes, or human factors. Once identified, these hazards are assessed based on their likelihood and potential impact.
Preventive measures play a crucial role in mitigating risks. These include routine maintenance, advanced monitoring systems, and the implementation of safety protocols. Training employees to recognize and respond to risks is equally essential in fostering a proactive safety culture.
Another key component is contingency planning, which involves preparing for unexpected events such as accidents, system failures, or natural disasters. Developing and testing emergency response plans ensures that organizations can respond quickly and effectively when incidents occur.
In addition to operational safety, regulatory compliance is a fundamental aspect of industrial risk management. Adhering to environmental and safety regulations not only avoids legal penalties but also strengthens stakeholder trust.
In an increasingly complex industrial landscape, risk management must evolve to incorporate technological advancements such as AI-driven analytics and IoT-based monitoring. These tools enhance predictive maintenance and early risk detection, contributing to safer and more efficient operations.
By adopting a comprehensive and proactive approach to risk management, industrial organizations can safeguard their workforce, protect the environment, and ensure long-term operational success.
