Showing posts with label Risk. Show all posts
Showing posts with label Risk. Show all posts

Wednesday, 11 October 2017

Acquisition enhances integrity in oil & gas industry offering.

Emerson has acquired GeoFields, the leading global supplier of software and implementation services for pipeline integrity data collection, management and risk analysis for the oil and gas industry.

Mike Train - Emerson
“Expanding our digital portfolio with the GeoFields software and services for pipeline integrity management enables us to bring proactive asset reliability solutions to our customers,” said Mike Train, executive president of Emerson Automation Solutions. “By combining GeoFields with our existing Plantweb™ digital ecosystem offerings and maintaining our focus on innovation and consulting, we can help customers maximise the value of their investments, ensure greater regulatory compliance and reduce risk associated with costly releases and safety incidents.”

GeoFields software enables pipeline operators to collect critical integrity data, perform risk modelling and high consequence area (HCA) risk analysis and prioritise pipeline integrity-related maintenance and asset management activities. Terms of the acquisition were not disclosed.

The acquisition of GeoFields helps to further position Emerson as a comprehensive solutions provider for pipeline operations management. Emerson’s extensive portfolio of pipeline solutions for the oil and gas industry includes pipeline and terminal enterprise commercial management solutions, operations management software, pipeline modelling and leak detection, SCADA systems, corrosion and erosion monitoring, valve and control solutions, flow metering and measurement technologies.



@EMR_Automation #Geofields #PAuto @Emerson_News 

Tuesday, 2 April 2013

Managing quality, risk & complience

A new Quality, Risk, and Compliance (QRC) Management System supplier selection guide has been relaesed by ARC Advisory.  The guide includes both selection criteria and guided workflow steps to help in choosing a product quality, risk, and compliance management system for your Enterprise Quality Management operations.

John Blanchard, ARC
QRC solutions on a complexity continuum span low cost solutions with limits on the depth of functionality are provided, to highly functional much higher cost solutions. Different suppliers have also developed special domain expertise in specific industries. Other suppliers have targeted specific small industry sub-segments such as blood banks. Still others have targeted their solutions at small to medium size businesses by offering them through software-as-a-service (SaaS).

The negative impact that defective, contaminated, or off quality products can have on a business is increasing. As the number of incidents and the impact of such incidents continue to increase, governments are responding with increased regulatory requirements. And there is a shift in regulatory response from rapid response and containment of an incident to prevention. This has created a demand for more in-depth QRC system functionality that includes more real-time monitoring and prediction of potential off quality product that extends throughout the manufacturing supply chain. Traditional paper records, manual data entry, and historic data analysis is no longer sufficient. Electronic records, real-time analytics, and more powerful database have become a necessity.

The ARC STAR Supplier Evaluation and Selection Service guides users through a step-by-step process selecting and evaluating suppliers and their products against specific application and industry requirements. The process guides the user through the project and team definition, reviewing and editing ARC-provided selection criteria and supplier questions, weighing selection criteria, developing a supplier Request for Information (RFI) list, evaluating supplier responses, and developing a final ranking of RFI results. ARC STAR then fully documents the process and results for management review and approval. ARC STAR helps ensure inclusive, fact-based, impartial supplier evaluations and selections, free of the user bias issues that typically hamper these activities. In addition, ARC estimates that ARC STAR can reduce the cost and effort of a supplier selection process by well over 50 percent.

The selection guide was authored by John Blanchard. John has been covering all aspects of ensuring product quality and manufacturing regulatory compliance in the manufacturing industries for over 30 years