Safety audits 101: What are they, and why does your workplace need them?
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Safety audits 101: What are they, and why does your workplace need them?
Think your workplace is safe?
The International Labour Organization may have some grim news to put things in perspective — it estimates that around 2.3 million worldwide are yearly victims of work-related accidents or diseases. Regardless of the size of your business or the industry in which you operate, your organization may inadvertently be putting employees at risk.
Fortunately, a workplace safety audit can help you identify vulnerable areas in your corporate safety program and take timely measures to fix the gaps revealed. Here’s a closer look at what a safety audit entails and why it is an essential aspect of occupational health and safety (OHS) at your workplace.
Safety audits: What are they, and what do they entail?
A safety audit is a comprehensive process where the auditing entity gathers material information about the level of safety in a corporate workplace. Various aspects of safety, such as health risks, fire safety, and exposure to workplace hazards, are all evaluated as a part of this process. Typically, an audit of this kind is performed on the existing safety plan in the organization. The audit findings can help streamline the safety plan and bring it up to industry standards if needed.
Safety audits can be one of three kinds, as outlined below.
Compliance audits:
Here, the existing safety programs in your organization are reviewed to ensure they adhere to the local OHSA guidelines in place in your country.
Program audits:
These audits gather inputs from employees and workplace staff and evaluate how adequate your existing safety protocols and programs are.
Management system audits:
Management system audits combine both compliance and program audits. They simultaneously assess the adequacy of your safety programs and compare them against the regulations in place.
Three key reasons to prioritize periodic safety audits
Many businesses view safety audits through an anxious or skeptical lens. However, in the best interests of your employees and your business, a safety audit isn’t just optional — but essential today. Here’s why your business needs it.
To ensure regulatory compliance.
Depending on where your business has been established, you may have to comply with various local, federal/state, and central laws pertaining to OHSA. Timely audits allow you to comply with these regulations and avoid potential penalties.
To avoid lawsuits
Any harm caused to an employee can be a potential lawsuit, mainly if it involves legal non-compliance that directly or indirectly leads to harm. Safety audits by a competent partner can help you steer clear of these legal pitfalls by strengthening your company’s safety protocols.
To promote employee well-being.
Safety audits promote employee well-being, which is an oft-overlooked asset. A Harvard-MIT study revealed that, proactive safety audits increased sales by 37% and productivity by 31%. By regularly conducting safety audits, you can gain the advantage of improved revenue and decreased costs.
Bridge the gaps in workplace safety with a comprehensive audit partner today
Workplace safety is a complex target, requiring a healthy collaboration between your company and your audit partner. Moglix works with certified safety consultants and safety auditors to help you design proactive and periodic audit plans. Be it electrical, fire, OSHA or wash audit, we have certified professionals who can help you with any type of audit. Know More
Awareness summit initiated by Credlix
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Awareness summit initiated by Credlix
Date : November 19, 2022
Organizer: Jamnagar Factory Owner’s Association
About the Event: Pramit Joshi, Senior Director – Credlix, shared his perspective on the topic ‘’Achieve Rapid Growth of Business with Export Factoring’’ at the recently concluded awareness summit at Jamnagar. The awareness summit was an initiative by Credlix championed in association with Jamanagar Factory Owners Association.
10th Task Force Meeting and Brand Connect, Hyderabad
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10th Task Force Meeting and Brand Connect, Hyderabad
Date : Novemver 11, 2022
Organizer: Construction Industry Development Council
About the Event: Mr. Rajesh Chiluveri, Associate Director, Infra & PSU, Moglix recently addressed the community of leaders from the EPC industry at the Hyderabad chapter of the 10th Task Force Meeting & Brand Connect of the Construction Industry Development Council (CIDC).
Financial Institutions Knowledge Forum 2022
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Financial Institutions Knowledge Forum 2022
Date : November 1, 2022
Organizer: International Finance Corporation
About the Event: About Event: Mr. Partha S Dash, Managing Director, Moglix shared his perspective on trends in ‘Innovation on Financial Inclusion in Emerging Markets’ at IFC – International Finance Corporation’s Financial Institutions Knowledge Forum 2022.
Women in Procurement
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Women in Procurement
Date : October 31, 2022
Organizer: The Chartered Institute of Procurement & Supply
About the Event: Piyush Malviya, Senior Director, Moglix shared his perspective at a special event hosted by CIPS – The Chartered Institute of Procurement & Supply in UAE. Event was in collaboration with Moglix Business
Blending in ESG adoption in procurement for 2023 and beyond
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Blending in ESG adoption in procurement for 2023 and beyond
Did you know that your sustainability choices could directly impact your company’s top line? That’s because 83% of consumers and 91% of business leaders believe companies must prioritize ESG practices. An increasing segment of the global customer base is also leaning toward businesses that put sustainability at the forefront of their decisions.
It wouldn’t be a stretch to say that if you want to stay in the game in the coming years, you will need a solid ESG framework in your company. That said, some areas may be given more weightage than others in the race to sustainability. For example, as Deloitte reports, around 66% of companies focus on energy efficiency, 57% on educating their workforce about climate change, and 55% on reducing air travel.
But one area could often be left behind in the journey towards building a more sustainable ecosystem in your business. We’re talking about procurement and the supply chain, of course.
Decoding sustainable procurement: What is it and why does it matter?
Sustainable procurement involves sourcing and purchase processes designed around essential ESG criteria. It is environmentally friendly, reduces waste, and promotes fair trade. Here’s why you need to include procurement as a part of your organization’s ESG strategy.
- It lowers costs:
Sustainable practices minimize energy usage and wastage, eventually helping you save costs significantly.
- It could lead to better revenue:
With more buyers prioritizing ESG factors, you will find attracting and retaining customers easier if you adopt sustainable procurement practices.
- It improves brand reputation:
Consistently embracing sustainability across various verticals in business procurement can bolster your brand value and future-proof your supply chain.
3 easy ways to give your procurement strategy an ESG upgrade
Here is what you can do to adopt sustainable practices for sourcing raw materials, components, and MRO in procurement strategies.
- Identify suppliers who prioritize ESG.
If you partner with suppliers who also give more significant weightage to ESG criteria, it becomes easier for you to keep your procurement strategy sustainable.
- Be prepared for adjustment pains.
Implementing a sustainable procurement system may have hurdles like knowledge gaps, lack of support from suppliers, or trouble finding the right solutions. Have a plan in place to work around these issues.
- Create an ESG-oriented procurement strategy that works for you
There is no one-size-fits-all sustainable strategy for all businesses. Instead, you must find the areas in your procurement plan that need to be revised and aligned with your ESG goals and draw up a strategy accordingly.
Accelerate ESG adoption in procurement in 2023
In the coming year, the time is ripe to set new sustainable goals for your procurement strategy and streamline sourcing and purchases for your business. If you’re eager to transform your MRO procurement, Moglix may be the partner you need. Please send us your business query at info@moglixbusiness.com.
Sustainable supply chain management- The New Wave in MSMEs
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Sustainable supply chain management- The New Wave in MSMEs
It is no secret that we find ourselves amidst a climate crisis that demands our attention and action. With many nations committed to attaining net zero emissions by 2030, time is of the essence. It is one of the primary reasons why there is a pressing need for organizations across the globe to prioritize their ESG Goals. Net zero goals are ambitious but possible. Among other things, organizations must strive to assess and re-imagine their supply chains. According to a research report by McKinsey, the supply chain of a company offering consumer goods is the major contributor to its aggregate environmental impact. For example, 80 per cent of an organization’s greenhouse gas emissions and 90 per cent of its overall effect on the ecosystem result from run-of-the-mill supply chains.
Digitalization: Making the Metals and Mining Industry More Agile and Efficient
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Digitalization: Making the Metals and Mining Industry More Agile and Efficient
The metals & mining industry forms the core of industrial development as it provides elementary raw materials for most of the downstream industries like power, steel, cement, aluminum, etc. The metals and mining industry has been dogged by several persistent issues like geological uncertainty, market volatility, operational hazards, etc. Though miners have been one of the early adopters of technological or digital advances most of those digital efforts were on improving operations and not process-oriented areas such as procurement and supply chain. As a result, even the digital leaders of the industry are relatively 30% less digitally mature as compared to their counterparts in the chemical and automotive industries.
According to a DAI survey, manual and fragmented procurement cycles are still a norm in nearly 75% of companies.
A paradigm shift in Fashion Industry is connecting the loose ends
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A paradigm shift in Fashion Industry is connecting the loose ends
How unpredictable can things get in the fashion industry supply chain? In 2019 India’s fashion and apparel industry was projected to grow to $59.3 billion by 2022. And then, the COVID19 pandemic struck. Now with the end of the pandemic in sight, the Indian fashion industry has bounced back better to reach revenues worth $87.6 billion in 2022 and is estimated to grow to $102.6 billion by 2026. What explains the roller coaster ride that the Indian fashion industry supply chain is on? Outlined below are some risks and the inherent opportunities in addressing them:
Demand Diversity Across Geographies, Cultures, and Time: Fashion choices can change depending on geography, culture, and time of the year. To elaborate, people in cool climates prefer jackets, coats, gloves, scarves, earmuffs, and warm undergarments.
Webinar on VUCA challenges in the disruption era
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Webinar on VUCA challenges in the disruption era
Date : October 15, 2022
Organizer: CXO Genie
About the Event: Mr.Rishabh Agrawal, Senior Vice President, Credlix shared his perspective on ‘VUCA Challenges in the Disruption Era’ at the recently concluded CXO Genie Masterclass.