Introduce Quality Risk Management (QRM) as a proactive approach to ensuring quality and safety in pharmaceutical and dietary supplement manufacturing. Explore the core principles of QRM, emphasizing the use of scientific knowledge and experience in evaluating risks, and the proportional allocation of resources based on risk level. Understand the four main stages of the risk management process: risk assessment, risk control, risk communication, and risk review. Delve into the three components of risk assessment: hazard identification, risk analysis (considering likelihood, severity, and detectability), and risk evaluation.

This episode also discusses the two main strategies of risk control: risk reduction (through actions like improved sanitation and material handling) and risk acceptance (for risks that cannot be further reduced or are cost-prohibitive to mitigate). Learn about various tools and techniques used in QRM, including FMEA (Failure Mode and Effects Analysis) and HACCP (Hazard Analysis and Critical Control Points). Explore the practical application of QRM on the manufacturing floor, highlighting its impact on decision-making, continuous improvement, and regulatory compliance. Finally, consider how the principles of QRM can extend beyond manufacturing, offering valuable strategies for proactive risk management in various aspects of life.