EtQ Announces Release of Aberdeen Report on Risk Mitigation in Manufacturing Operations
FARMINGDALE, NY (04-14-08): EtQ is proud to present Aberdeen Group's latest benchmarking report, entitled "Mitigating Risks in Global Manufacturing Operations."
Aberdeen Group, a Harte-Hanks Company (NYSE:HSS), through the analysis of over 250 manufacturers, reveals that Best-in-Class manufacturers realize an 11% increase in products manufactured in compliance, a 40 hour earlier response time to non-conforming shipments, 10% less asset downtime, and a 1.5 standard deviations reduction in production process variability. Putting these findings in context, Mehul Shah, Research Analyst with Aberdeen's Global Manufacturing Practice, states that, "To efficiently manage manufacturing operations, manufacturers must have capabilities to manage and mitigate risks from key areas such as supplier non-conformance, quality and compliance management, asset management, employee health and safety, environmental concerns and, finally, time-to-market deadlines. Best-in-Class manufacturers are taking a holistic approach by standardizing processes for managing risks, investing in capabilities to escalate non-conformances in real-time, linking operational metrics to financial metrics and integrating manufacturing solutions with risk solutions to proactively address and mitigate risks across the critical aspects of manufacturing operations."
EtQ has been a leading provider of the risk-based approach outlined in this report, and provides automated solutions that can identify and quantify high-risk events, take actions to automate the process and mitigate risks. This approach leads to a streamlined quality management system, where top risks are identified and prevented using a flexible, intelligent rules-based workflow. "EtQ has long known that there is a need in the market for mitigating risks in the global market," says Glenn McCarty, CEO of EtQ. "The release of Aberdeen's recent benchmarking report truly validates EtQ's position in the market as the leader in identifying, mitigating and preventing high-risk events using a quantitative, automated approach."
EtQ continues to develop Quality and Compliance Management solutions that are on the leading edge of industry needs. Aberdeen's report is just one example of EtQ's ability to produce systems that not only meet compliance initiatives today, but will provide the foundation for initiatives in the future.
About Aberdeen Group, a Harte-Hanks Company
Aberdeen is a leading provider of fact-based research and market intelligence that delivers demonstrable results. Having benchmarked more than 30,000 companies in the past two years, Aberdeen is uniquely positioned to educate users to action: driving market awareness, creating demand, enabling sales, and delivering meaningful return-on-investment analysis. As the trusted advisor to the global technology markets, corporations turn to Aberdeen™ for insights that drive decisions.
As a Harte-Hanks Company, Aberdeen plays a key role of putting content in context for the global direct and targeted marketing company. Aberdeen's analytical and independent view of the "customer optimization" process of Harte-Hanks (Information - Opportunity - Insight - Engagement - Interaction) extends the client value and accentuates the strategic role Harte-Hanks brings to the market. For additional information, visit Aberdeen http://www.aberdeen.com or call (617) 723-7890, or to learn more about Harte-Hanks, call (800) 456-9748 or go to http://www.harte-hanks.com.
EtQ is the leading Quality, EHS, Operational Risk and Compliance management software provider for identifying, mitigating and preventing high-risk events through integration, automation and collaboration. At the core of EtQ’s framework is a compliance management platform that enables organizations to implement best-in-class compliance processes configured to meet their existing processes, create new compliance processes and automate and control their compliance ecosystem. EtQ’s product lineup includes Reliance™ for enterprise organizations and Verse Solutions™ for mid-sized businesses. EtQ was founded in 1992 and has main offices located in the U.S. and Europe. To learn more about EtQ and its various product offerings, visit www.etq.com or blog.etq.com.
For more information about EtQ, please visit www.etq.com, or to schedule a virtual demo, contact EtQ Inc., at 800-354-4476 or 516-293-0949, or e-mail us at firstname.lastname@example.org.
EtQ is a trademark of EtQ Management Consultants, Inc. All other product names and company names are trademarks or registered trademarks of their respective owners.