IQMS Global

I Sustain: How can we reduse electicity consuption by using L...: "How can we reduce the power consumption by using led lights??? Initially we use filament or incandescent bulbs and halogen bulbs for..."

| 2 comments

Companies today should consider myriad corporate strategic concerns as well as increased federal regulation and public scrutiny over executive compensation and disclosure practices. The right balance between pay and risk—while retaining people long-term—can help with CEO succession.

Compensation plans should consider the impact of diverse company operations on the performance of any measured business unit and should include the contributions of those personnel responsible for these operations. It may be necessary, for compensation purposes, to adjust reported financial results, winnowing out the impact of corporate-wide transactions and actions, such as write-downs, that employees' activities cannot affect. Compensation plans should avoid rigid performance metrics and allow the committee ample discretion to adjust compensation to prevent manipulation of the system. Evaluate each provision of the compensation plan in the context of other risk-control strategies the company has adopted, such as the audit committee's financial risk controls.

A bottom-up strategy should be used, whereby business intelligence percolates from staff at ground level and informs the creation of realistic targets, rather than having top management impose arbitrary targets that might encourage imprudent risk-taking. Plans with steep performance curves or ratcheted award plateaus also create incentives for risky behavior to make the next higher level; there is need for discretion to discount (or augment) performance results that seem out of keeping with the company's risk-reward tolerances. One means to adjust performance criteria could be, for example, to weigh profits against return on assets; another would discount easily achieved targets and weigh difficult ones more heavily.

| 2 comments

All electrically controlled devices or systems in the USA must be approved. Conformity with national safety regulations is demonstrated by a mark of conformity from a qualified, recognized testing laboratory. The most widely recognized testing laboratory is UL (Underwriters Laboratories). UL conducts tests according to UL standards, which incorporate national standards as an essential component. The UL Mark is a registered certification mark of Underwriters Laboratories Inc. (UL), an independent, not-for-profit, product safety testing and certification organization. The UL Mark may only be used on or in connection with products certified by UL and under the terms of written agreement with UL.

The UL Mark on a product means that UL has tested and evaluated representative samples of that product and determined that it meets UL's requirements. The requirements are primarily based on UL's own published Standards for Safety.

The UL Mark is one of the most recognized, accepted and trusted symbols in the world. Safety-conscious and concerned consumers look for this on products because it delivers the credibility of an independent, technically expert organization which has determined whether foreseeable risks associated with the product's use have been eliminated or minimized. Even after the product is offered in the marketplace, it must continue to meet safety requirements in order to continue bearing the UL Mark, or the mark will be removed by UL.

Underwriters Laboratories’ ever-recognizable UL Mark has been a beacon of safety and peace of mind, guiding consumers to reputable electrical products that have been rigorously tested and approved for safe use. To this day, the mere presence – or lack of – the trusted UL Mark is enough to make or break the purchases of millions of consumers worldwide.

The UL Mark comes in the form of a label or is die-stamped, silk-screened or molded into a product, it needs to contain the following 4 design elements to be verified as legitimate:

• The UL trademark: the letters “UL” arranged diagonally (descending left to right) within a circle, with a small ® symbol directly below the U

• The word “listed” printed either below or beside the circle in all capital letters: LISTED

• A 4-character alphanumeric control number, or a 4 to 6-digit issue number. In the case of the issue number, it may or may not be preceded by the phrase “Issue No.” as well as 1 or 2 letters

• A product identity phrase that concisely names what the product is

Additional signs of a genuine UL Mark are:

• A UL file number (which will often have the letter “E” as a prefix)

• The manufacturer’s company name or logo

• Applicable electrical ratings

• Information designating the product’s Catalog, Model, or Type designation

| 0 comments

ISI mark is a third party guarantee of quality given by Bureau of Indian Standards. During the pre independence period, standardization activity was sporadic and confined mainly to a few Government purchasing organization. However, immediately after independence, economic development through coordinated utilization of resources was called for and the government recognized the role for standardization in gearing industry to competitive efficiency and quality production. ISI mark thus helps in formulating Indian Standards for products and services by bringing together and coordinating various interest groups like manufacturers, consumers, technical experts, testing personnel and others interested. The standards so prepared are known as Indian Standards (IS) and are considered as legal documents. The Indian Standards are used not only by the industry but also by the Government, students, consumers and regulatory authorities. It is interesting to note that the first Indian Standard was formulated for the National Flag which is IS1.

The certificate given by Indian Standard Institute to the commodity is as per the standard quality and quantity. Every manufacturer has to submit each lot or batch of production to the quality inspector who takes some sample quantity for examination. After satisfactory examination the certificate is issued to the producer. After that the batch is dispatched to the market for sale.

The ISI mark on a product is an assurance that the product conforms to the requirements as laid down in the specification. Conformity to the standard is ensured through regular surveillance of the manufacturing process, surprise inspections and testing of samples drawn from the factory as well as from the market. Fraudulent and unauthorized use of the ISI mark is a violation of the law punishable under the BIS Act.

| 2 comments

Today human talent has assumed the position of most-prized assets and resources. Therefore, recruiting, grooming, rewarding and retaining great employees have become a mission-critical necessity for service provider organizations across the board internationally. This is known as Talent management.Talent management has a direct impact on profitability, customer satisfaction, innovation and new product development.Worldwide executives identify talent management as the number one or number two top priorities for their organizations. Talent managers need to meet this need by developing their expertise to create a competitive advantage for their organization. When companies are being valued on the basis of the quality of human talents they have and business is being won or lost because of employees, there sure is a need to have systems, processes, and practices in place that make companies “nurseries and breeders of great performers” and to becoming “great places to thrive” for their employees.

Talent management also implies recognising a person's inherent skills, traits, personality and offering him a matching job. Every person has a unique talent that suits a particular job profile and any other position will cause discomfort. It is the job of the Management, particularly the HR Department, to place candidates with prudence and caution.

The necessary function of Talent management includes:

• Key Functions of A Talent Management Toolset

• Assessment (Ongoing)

• Business Objective Orientation (Task Relevance)

• Performance Appraisal / Review

• Talent Requirements

• Talent Pool Development and Management(Referrals, Direct Marketing, Sourcing)

• Recruiting

• Internal Rotation / Transfer Management

• Succession Planning

• Leadership Development

Talent management is the strategy through which Organizations become unique because they know that exceptional business is driven only by superior talent. Talent management is the new HR tool.

| 0 comments

Environmental problems are becoming serious day by day because of the interacting effects of increasing population density, industrialization and urbanization, and poor environmental management practices. Environment Management is, thus the management of interaction by the modern human societies with, and impact upon the environment.

The continuing degradation of the natural environment poses one of the greatest challenges to modern societies. All human, but in particular all industrial, activities create a burden on the environment although paradoxically at the same time the revenues gained from these activities create the basis for our well-being. Major problems include global warming, loss of biodiversity, water and air pollution, releases of persistent organic pollutants and other toxic substances, and land degradation including coastal erosion.

Good environmental management brings many benefits:

• Consistent with our company values of being brave, imaginative and decent

• Improved environmental and reputational risk management

• Cost savings

• Meeting stakeholder expectations of what constitutes a well run, responsible

business

• Ensuring compliance with relevant environmental laws, regulations and codes

• Reflects our commitment as a signatory to the Global Compact principles on

labour standards, human rights, environmental responsibility and combating

corruption

ISO 14001:2004 specifies requirements for an Environmental Management System to enable an organization to develop and implement a policy and objectives which take into account legal requirements and other requirements to which the organization subscribes, and information about significant environmental aspects. It applies to those environmental aspects that the organization identifies as those which it can control and those which it can influence. It does not itself state specific environmental performance criteria.

| 0 comments

Control of food safety is very critical because failures in food supply can cause human suffering, death, poor reputation, violations, poor nutrition, poor quality products and decreased profits. ISO 22000 series is a truly global option for ensuring food safety. The purpose of ISO 22000 is to provide a practical approach to ensure the reduction and elimination of food safety risks as a means to protect consumers. ISO 22000 follows a long tradition of preventive actions, identified and regulated by quality and food safety professionals. It requires an organization to include any applicable food safety related statutory & regulatory requirements into its food safety management system.

The organization generally requires to:

• Identify, evaluate, control hazards that reasonably expected to occur

• Communicate safety issue of products throughout the food chain

• Communicate food safety management system throughout the organization

• Evaluate periodically and update the system to reflect the organization’s activities and recent information on hazards

Organizations should consider adoption of ISO 22000 for three principle reasons:

• Benefits in the marketplace - Customers receive confidence through the demonstrated implementation and ongoing maintenance of the system. As organizations along the supply chain adopt ISO 22000 or become subject to customer controls along the food supply chain, the market achieves assurance that there are no weak links in the food chain.

• Benefits to the organization producing the food - The organization has confidence that it has done the right things to provide control over activities that affect food safety. The system is well-planned, monitored, audited (internally and externally), and measured, and feedback is provided in a timely manner to decision makers.

• ISO 22000 goes well beyond regulatory requirements - ISO 22000 includes--but goes beyond--existing HACCP programs. HACCP programs are excellent and work very well to prevent food safety problems, but they are not supported by an overarching systematic approach that includes many of the components extracted from ISO 9001.

| 0 comments