Operational Risk Assessment in the Logistics, Pharmaceutical & Food supply chains

The big word in the logistics and supply chain “world” is RISK, and a risk assessment being performed, or at least having a mitigation plan in place, is becoming part of many certification requirements, like ISO 9001, and other pending or recently introduced federal regulations.

It will be no surprise, I am sure, when I mention certain facts like – “Where humans are involved in a process there will be errors, and 90% plus of all supply chain errors are human errors”; but how do you avoid these?

Firstly, let me say there will always be Risk not only in the common elements of the supply chain but also and especially with the way that you handle any cold chain or temperature-controlled products.

So how do you manage these risks?

There are 4 common and accepted ways that Risk can be managed, or mitigated:

  1. Risk Avoidance: Changes made to your processes and players that ensures risks are no longer an issue.
  2. Risk Mitigation: Reduce the severity of the loss or prevent the likelihood of the risk from occurring.
  3. Risk Acceptance: Avoidance of a potential risk area is not possible or economically feasible, so it is acceptable and will not impact your business.
  4. Risk Deflection: After the risk has been identified and quantified, transfer that risk to the control of another player or partner in the process – maybe add it as a clause to be addressed in a vendor contract.

So how do you establish a Risk Mitigation Plan?

  1. Review and audit your supply chain to assess where risk does, or may exist
  2. Assess what the impact of these risks may be and create a list with the highest probability items at the top to address first
  3. Define your risk mitigation strategies for the highest-level items and work down the list from High to Low
  4. Implement the strategies and document them.

What else should I do, or know?

  1. Even though your Risk Management plan includes good SOP’s and WI’s make sure that people are adequately trained in these disciplines
  2. Conduct self-audits regularly
  3. The cost of a Cold Chain Monitoring device or solution, is far less expensive than the cost of disposal of a temperature compromised shipment
  4. All Quality Systems and Risk Aversion Plans should have one over-arching goal – Quality of Product and Consumer Safety!!!!

At Timestrip we are acutely aware of all kinds of risks that can exist in all kinds of supply chains from Pharmaceutical to Food and even beyond to special chemicals and laboratory testing time lines.

For a full range of our products please visit our products page

adminOperational Risk Assessment in the Logistics, Pharmaceutical & Food supply chains
read more

Timestrip Attending Seafood Expo North America, Boston MA

Timestrip Attending Seafood Expo North America, Boston MA

Timestrip will be attending Seafood Expo North America in Boston, Massachusetts from March 11, 2018 – March 13, 2018.

We will be demonstrating our 3°C Seafood, 5°C, 8°C & 10°C irreversible ascending temperature indicators at the expo. Our 3°C Seafood indicator is designed around FDA guidance, the gold standard for Health & Safety and HACCP systems.

We will be at booth #1388, please come and get a sample of our Irreversible Seafood Temperature Indicators to test and take away with you. Click here for more information about our 5°C, 8°C & 10°C indicators and here for information about our 3°C Seafood indicator

Timestrip Food temperature range

Timestrip temperature monitoring labels make tracking temperature breaches across a multitude of cold chain food industry applications a simple, cost-effective process.

In fact, we offer the most cost-effective solution of our type in food standard and food safety monitoring, which is why our technology has already been adopted by a number of innovative businesses. Our precise, efficient, user-friendly temperature indicator labels are helping to ensure effective cold chain management around the world.Timestrip Seafood

Seafood Expo North America attendees meet with thousands of colleagues and suppliers to find the newest fresh, frozen, and packaged seafood products and stay current on industry trends.

Seafood Processing North America attendees share ideas, find new processing equipment, make connections and get the news on preparing, delivering and packaging seafood products. More than 22,600 total attendees from over 120 countries attend the event.

adminTimestrip Attending Seafood Expo North America, Boston MA
read more

Timestrip Attending IAFP Annual Meeting in Tampa, Florida

Timestrip Attending IAFP Annual Meeting in Tampa, Florida

Timestrip will be attending the International Association for Food Protection – IAFP – in Tampa, Florida from 9th – 11th July 2017.

We will be demonstrating our 3°C Seafood, 5°C, 8°C & 10°C irreversible ascending temperature indicators at the exhibition. We will be at booth 847, please come and get a sample of our Nonreversible Food Temperature Indicators to test and take away with you. Click here for more information.

Timestrip temperature monitoring labels make tracking temperature breaches across a multitude of cold chain food industry applications a simple, cost-effective process.

In fact, we offer the most cost-effective solution of our type in food standard and food safety monitoring, which is why our technology has already been adopted by a number of innovative businesses. Our precise, efficient, user-friendly temperature indicator labels are helping to ensure effective cold chain management around the world.

 

Each year, the International Association for Food Protection hosts an Annual Meeting, providing attendees with information on current and emerging food safety issues, the latest science, innovative solutions to new and recurring problems, and the opportunity to network with thousands of food safety professionals from around the globe. Held in various locations throughout North America, this meeting has grown over the years to become the leading food safety conference worldwide.

adminTimestrip Attending IAFP Annual Meeting in Tampa, Florida
read more