QUALITY MANUAL -> 4.1. Understanding the Organization and Its Context
When Loran determines the boundaries of the scope of the QMS, internal and external issues are considered, with positive and negative results. As a result of continuously developing approach, Loran Aerospace regularly reviews and analyzes its key aspects to determine the strategic direction of the company.
Loran Aerospace evaluates Internal (strengths and weaknesses) and External (opportunities and threats) issues in the SWOT Analysis table.
The reason why SWOT analysis is used by Loran Aerospace
SWOT analysis allows us to see the internal strengths and weaknesses, and to start thinking about external opportunities and threats that may affect the performance of our QMS. At the same time, SWOT Analysis allows us to discover the differences between Loran and its competitors.
Those that present risks and/or opportunities are initially addressed by top management, recorded on the Risk Register in ERP system and then monitored through the Risk Register in ERP and Management Review meetings.