Risk management – mastering turbulent times safely and successfully
Identification and assessment of potential risks in your supply chain
The challenges that global supply chains are facing are complex and they require comprehensive solutions. With our supply chain risk management, you gear up against potential disruptions in advance in order to ensure security of supply and delivery capability even in challenging times. Artificial intelligence enables us to identify virtually every risk along your supply chain and perform a holistic risk assessment. This creates maximum transparency and control: you are enabled to monitor your entire supply chain in real time and can take early action in order to ensure business continuity.
Risk management – your advantages at a glance
- Timely identification of potential risks and thus faster response capability
- Preparation of preventive measures and emergency plans
- Avoidance of operational disruptions such as delivery bottlenecks, delays or quality problems
- Protection of corporate reputation through compliance with agreements, ethical standards and sustainability criteria
- Cost optimization: Potential disruptive factors are identified and evaluated to reduce unnecessary expenses
- Enhanced customer satisfaction thanks to greater transparency, sustainability and product quality
Would you like to learn more about how you can future-proof your supply chain? Contact us, we will be happy to answer your questions about risk management.
Prevention and emergency measures for your supply chain
Together, we visualize all relevant risk factors – customers, suppliers, production sites or seaports and airports, for instance – on a world map. This means that you always have a detailed overview of all potential disruptions. Based on our many years of experience and with the help of our Supply Chain Risk Tool, we calculate the probability of occurrence and develop effective preventive and emergency measures.
Implementing SCRM tools and reacting to changes flexibly
Risk management is a key component of Supply Chain Management. We advise and guide you through the strategic steps and support the implementation of our modern SCRM tools. That way your company can react resiliently and flexibly to changing circumstances – and remain successful even in turbulent times.
FAQ on risk management
Risk management: What can jeopardize the supply chain?
There are a variety of risks that can jeopardize global and complex supply chains. These include production bottlenecks, major weather events and fluctuating demand, as well as commodity quality issues, technical problems and transportation disruptions. Challenges can vary by industry, business environment or geographic location. In order to take appropriate measures to manage potential disruptions, an individual risk analysis is essential.
How can potential risks be identified?
A risk analysis is used to identify the potential disruptive factors in a supply chain. By reviewing historical data, including suppliers and partners and industry trends, and checking external circumstances, risks are assessed and classified. Preventive measures and contingency plans are then created. Regular audits and continuous reviews of processes also ensure that inconsistencies can be identified at an early stage.
Which technologies support risk management?
Strategic risk management is based on technologies and digital platform solutions. The use of Internet of Things (IoT), Blockchain, Big Data, AI or predictive analytics plays a key role in creating forecasting models and enabling real-time monitoring, automated monitoring of supply chain activities, improved transparency and the identification of risk patterns. Early warning systems are also developed based on the data collected.
