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Risks that should be minimized in cable manufacturing as reasonably as…
Risks that should be minimized in cable manufacturing as reasonably as possible
Environment degradation
Waste material discardation
segregation
Metal=sold as scrap
scrap handling team
paper/cardboard=recycled
scrap handling team
Industrial effluent discharge
treat effluents so that it is non-toxic
regulations set by governing body/authority
Fuel used to generate energy
use eco friendly fuel
decision made by plant head
Quality
properties of finished product(thermal and electrical)
As close as possible to the desired result
Testing department
Rework Reduction
Efficient design
Optimized processes
Tolerences
dimensions
within the prescribed limit
Quality control dept
Finish
Within the prescribed limit
Quality control dept
Health and safety
Identify risk
use risk tools
risk analysts
mitigate serious risks before start of production
isolate system if needed
risk managers
safety wear
checked by regulatory body/duty of risk managers
part/process replacement
risk mangers/engineers
impact of risks
create awareness among employees
suitable training
safety experts
Equipment
Equipment breakdown
practice preventive maintenance
maintenance team+plant head
Equipment upgradation
identify requirements
engineers
modification of parts/fixtures
engineer suggestions+managers
Equipment maintenance
Periodic maintenance
maintenance team
follow correct processes
train employees
HR+technical heads
Financial
currency rate drops
forecasting
analysts
use fixed currency
expert advisers
budget management
costing/accounts dept
decision made by top level management
capital investment
Bank loans
decided by top management
Procurement and Logistics
Arrange labour
semi-skilled
with help of HR
skilled
with help of HR
Decide quantity of material to be ordered
based on design and process considerations
Estimation team
Delay in transportation
Choose reliable contractors
check past perfomace
get contents in advance
procurement team