The Fish Processing Company

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The fish processing company of Tobago BUAD 6660 – PRODUCTIONS & OPERATIONS MANAGEMENT LIST OF TERMS FIPCOT – The Fish Processing Company of Tobago HACCP – Hazard Analysis Critical Control Point: a systematic and preventive approach of self regulation, for the assurance of food safety and quality. It identifies, evaluates, and controls hazards which are significant for food safety and has been made mandatory in many countries. ISO 9000 – International Organization for Standardisation: The standards provide guidance and tools for companies and organizations who want to ensure that their products and services consistently meet customer’s requirements, and that quality is consistently improved. ISO 22000 - Specifies requirements for a food safety management system where an organization in the food chain needs to demonstrate its ability to control food safety hazards in order to ensure that food is safe at the time of human consumption. ISO 22000, once followed, ensures food safety “from hook to cook”. Born Global – Companies that undertake international entrepreneurial ventures from inception TAC systems – Total Allowable Catch: A catch limit set for a particular fishery, generally for a year or a fishing season. THA – Tobago House of Assembly OECD - Organization for Economic Co-operation and Development WTO – World Trade Organisation HISTORY AND BACKGROUND The Fish Processing Company of Tobago (FIPCOT) is a government special purpose company which was established in 2009, to diversify the economy away from Tourism. It is situated in Scarborough and presently employs 20 persons (15 sailors/ crew members and five office staff). The company’s planners was espoused with evidence that since the 1980’s, the global demand for seafood supplies was dramatically increasing; they also acknowledged the urgency for the Tobago economy to divert from

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