Implementation of Risk Management
Baseline situation
- Supplier evaluation as a component of ISO DIN 9001 already introduced in the organization
- The instruments of supplier risk management are not established
- Cross-functional assessment of risks does not take place
Project order
- Development of a practicable risk management concept for the procurement department
- Elaboration of the system for determining risk indicators and supplier dependencies
Outcome
- Early detection of „weak signals“, indicators, key figures
- Close monitoring of risks and measures to minimize risks for suppliers
- The expense for the implementation of risk management is significantly lower than the weighted amount of loss
Method
Cooperation in the project
- Joint development of parameters for risk assessment
- Definition of risk weighting
- Evaluation of existing risk key figures and their automatic availability
- Definition of measures for practical implementation
