Effectively Manage Trade Secrets Using Process Safety Enterprise®

Process Safety Enterprise® (PSE), a cloud-based platform, helps manage Trade Secrets, ensuring compliance with OSHA's PSM standard. This white paper details the key features of PSE, including:

• Document Control System: Easily stores and retrieves documents
• Intelligent Form Builder: Creates customizable forms
• Action Tracking System: Manages all tasks related to Trade Secrets
• Reporting and Dashboard/KPI: Provides real-time insights into activities
• Trade Secrets Workflow: Guides users through identifying and managing trade secrets that could impact the execution of the PSM program.

Introduction

Managing Trade Secrets is essential to complying with the Occupational Health and Safety Administration (OSHA) Process Safety Management (PSM) 29 CFR 1910.119 standard. This element includes identifying whether trade secrets exist and managing them if they do. Trade Secret management ensures that personnel who support the PSM program have the critical information they need to manage the process hazards effectively.

Businesses often encounter challenges in managing trade secrets since they must protect vital information while ensuring the safety of their people and assets. The process can include executing non-disclosure agreements where needed and managing who is allowed access to the information, which demands considerable time and resources. Overlooking these responsibilities risks the safety of employees, plant assets, the community, and the environment. Moreover, an accident could lead to production interruptions.

An effective Trade Secret program should include identifying whether trade secrets exist and if PSM personnel need the information to manage the process hazards. The Trade Secret workflow ensures that trade secrets are considered, identified (if they exist), and managed within the PSM program. A document management system is needed to create and store non-disclosure agreements and sensitive information that can only be accessed by approved individuals.

Effective Trade Secret systems help companies document, plan, execute, and store required assessments and the granting or removal of rights to trade secrets. This workflow can help companies comply with the PSM requirements of the 29 CFR 1910.119 standard.

For businesses serious about implementing a comprehensive PSM compliance system, ioMosaic offers the Process Safety Enterprise^® (PSE) (Figure 1). PSE is a cloud-based platform enabling easy ongoing management of process safety data, helping businesses achieve compliance, manage risk, and remain competitive. Unlike any other system available in the market today, PSE is a centralized web-based application that integrates all PSM elements and workflows, making it THE ultimate solution for managing trade secrets effectively. This white paper delves into the key features of the Trade Secret workflow and how it benefits companies seeking to improve and elevate their systems to manage the hazards of trade secrets that can impact the PSM program.

To help you better understand the requirements of the PSM standard, we recommend a PSM Essentials eLearning course like the one offered by Process Safety Learning^®.