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

Risikoman_2

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