Obstacles to Streamlined Quality, Compliance and Audit Management for Energy Industry: Steps to Mitigate

Energy companies are faced with the blues of Audit, Quality and Compliance requirements from a growing number of authorities that impose oversight and reporting requirements. Critical functions like Audit Management, Quality and Compliance impact the Energy vertical operationally as well as strategically.

In this environment, energy companies are looking to adopt a systematic approach for defining and managing Audits, FERC and
EH & S Compliance, Internal Quality and Supplier Network Management programs and initiatives through a sustainable and integrated process instead of multiple unrelated tactical projects. This webinar will review best practices in Audits, Compliance and Quality Management for Energy companies and how they can be implemented using best of breed processes. The presentation will use real customer examples to highlight various points.

In this webinar, we will discuss how to:

• Best of breed processes and practices to meet the FERC and EH & S compliance requirements
• Integrated, closed loop compliance processes for identification, recording, reporting and remediation of issues, violations and exceptions
• Compliance monitoring on role-based dashboards, control diagrams, and risk heat maps that provide real-time reporting and analytics
• Accelerated CAPA investigation, approval and closure with automated workflows
• Independent processes for containment, corrective and preventive actions
• Streamline supplier audits
• Deploy supplier scorecards including suggested list of key metrics
• Calculate cost of poor quality
• Plan for accelerated audit planning, execution and review
• Zero in on closed-loop corrective actions for audit findings
• Create reports and dashboards for audit and CAPA metrics