Day 1 of ISRI2021 is in the books and we had a blast! Here’s a quick look at two educational sessions from today, The Risk Investment: Understanding and Controlling for Your Company’s Greatest Unknowns and R2v3 from a Recycler’s Perspective.
The Risk Investment: Understanding and Controlling for Your Company’s Greatest Unknowns
Adam Shine, Sunnking/Manitoba Corp., Kevin Lamar, Dynamic Metal Services, and Darrell Kendall, RIOS, share their experiences with risk management and mitigation and demonstrate how to proactively manage risks to avoid adversity. Here are a few takeaways from their in-depth discussion.
Roadmap for Companies
Having a risk-based management system like RIOS helps companies grow and create important and necessary documentation, essentially “doing what we say and saying what we do.” Certification and the implementation of a management system is an important way to reinvest in your business.
Buy-in from the Top Level
No matter the standard, a risk based management system requires buy-in from the top level. Management needs to be willing to invest the resources that’s required for the certification.
A management system allows a company to measure and track areas that require improvements. It provides an opportunity to problem solve and discuss the issues on a quarterly basis during management meetings. Bringing problems to the forefront will help reduce the issues as everyone is aware of their part and role in reducing risk.
Being certified and having a management system in place gives companies certain tools they wouldn’t have otherwise to address areas of concern like safety. Making sure employees are invested in the standards is important because they’re the ones who will alert management to problems.
Appealing to Other Companies
A certification signals to companies that you’ve invested in caring about the quality of work, your people, and the environment. It can bring revenue opportunities and demonstrates to companies that you’re reducing risk and reducing expenses related to insurance.
Advice to Companies Considering Certification
Companies considering certification should bring together a good team, which may include a consultant to help lead the process. Even though the process takes time and money, it will help pave the way for a much stronger and more profitable company.
R2v3 from a Recycler’s Perspective
Rike Sandlin, Rivervista Partners, Kelley Keogh, Greeneye Partners, and Julius Hess, Regency Technologies, break down the new version of the R2 standard from a recycler’s perspective, as recyclers will implement or transition to the new version of the standard.
Leverage Who You Know
Leverage the people you know. There are lots of resources and people available to help but you should plan ahead rather than wait until the last minute to make these changes.
Changes in R2v3
Along with a description, you’re also required to include additional details including the equipment and materials you process and the processes you use. The certificate requires identifying the appendices or process requirements you’re adhering to and requires you to be certified to each one. It requires you to communicate related locations if you have some facilities that are certified. Others that aren’t need to be identified.
The new version gives some flexibility. You only need to be certified to the processes you do. Realistically, many companies in the industry are involved in recycling, reuse, and data sanitization, so they’ll need to be certified in a number of appendices.
Quality Management System
Under the new R2v3, there are new requirements surrounding quality management system. ISO 9001 or RIOS are required for anyone testing equipment or brokering, quality management certification is a new requirement, and RIOS is expanding support for the new standard.
REC and ERP Systems
R2v3 equipment categorization establishes criteria and grading, in process and finished. New REC goes into detail. You don’t need to use their system but you have to map to that system. A key provision there needs to be transparent on the sale or trade equipment. You need to report the REC category as part of the sales transaction.
The panelists recommend downloading the standard and reading the new areas. Most of the changes are in the appendices, so think about the requirements, and think about how you’re going to demonstrate conforming to those requirements for your facility.
The highlight article focuses on two sessions from ISRI2021, The Risk Investment: Understanding and Controlling for Your Company’s Greatest Unknowns and R2v3 from a Recycler’s Perspective. If you would like to watch these sessions in their entirety, you can still register for ISRI2021 at https://isri2021.org/.
Image caption: Darrell Kendall, Executive Director, RIOS (left), Kevin Lamar, Chief Financial Officer, Dynamic Metal Services right), and Adam Shine, President of Manitoba Corp., and Vice President of Sunnking (middle), discuss the benefits of investing in a risk management system during the ISRI2021 session, The Risk Investment: Understanding and Controlling for Your Company’s Greatest Unknowns.