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Risk Mitigation in Manufacturing Operations

The science of risk has garnered much attention as of late; between the Enron collapse, multiple hedge fund collapses, and the current sub-prime mortgage crisis, the business world is well acquainted with high publicity failures to properly mitigating risk across an organization.

Aberdeen is seeing a trend in the marketplace where the manufacturing world is now adopting the same risk mitigation tools previously adopted for financial control but adapted to mitigate operational risks across the enterprise. These solutions assess, quantify, and prioritize risks from across the enterprise, including: compliance, product recalls, failure of critical assets, time to market, and environmental, health, and safety risks. For this report, Aberdeen Group surveyed more than 250 companies to understand the key capabilities adopted by manufacturers to successfully mitigate risks across global manufacturing operations.

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