compliance-monitoring

Vocabulary Word

Definition

Compliance-monitoring is when you check if people or businesses follow laws and rules set out for them. It's like a referee in a game, making sure everyone is playing fair and according to the game rules.

Examples in Different Contexts

In manufacturing, 'compliance monitoring' ensures that production processes meet industry standards and regulations. A manufacturing supervisor might declare, 'Through thorough compliance monitoring, we maintain high quality and safety standards in our production lines.'

Practice Scenarios

Operations

Scenario:

The recent incidents in the warehouse highlight the need for stricter adherence to safety procedures.

Response:

Definitely. By strengthening our compliance-monitoring system, we could ensure adherence to safety procedures to prevent accidents.

Business

Scenario:

We noticed a few discrepancies in our tax filings. It might be prudent to review the processes for accuracy.

Response:

I agree. Our compliance-monitoring system should be regular and thorough to avoid any future issues with our tax filings.