Case Studies Case Study Supply Chain Risk Management

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	Case Study Supply Chain Risk Management

Case Study Supply Chain Risk Management

Technology Category	Analytics & Modeling - Predictive Analytics Analytics & Modeling - Real Time Analytics Functional Applications - Enterprise Resource Planning Systems (ERP)
Applicable Industries	Automotive Electronics Pharmaceuticals
Applicable Functions	Procurement
Use Cases	Real-Time Location System (RTLS) Supply Chain Visibility
Services	Data Science Services System Integration Training
Challenge	Kardex has made it its goal to further professionalize and internationalize its procurement. Globalization of procurement always opens up opportunities and carries high potential - at the same time, greater risks arise through new markets, increased complexity in the supplier structure and new supply chains. The main challenges include safeguarding supply in the global procurement environment on a sustainable basis, achieving clarity and transparency along the entire 1-n tier supply chain, and monitoring all types of risks while assessing the impact in a risk situation. Read More
About Customer	Kardex is one of the leading international providers of automated storage and retrieval systems. Customers from all lines of business, such as the automotive, electronics, chemical/pharmaceuticals, trade, engineering, and health sectors currently use solutions from Kardex to simplify their intralogistics processes and make them more transparent, and to demonstrably save space and process costs. The intralogistics provider has to date successfully implemented around 140,000 dynamic storage systems all over the world. Read More
Solution	riskmethods’ Supply Risk Network allows Kardex to monitor all supply chains worldwide. This includes not only supplier risks but also countries, locations, and important hubs like the Suez Canal. Every 'risk object' is monitored and assessed around the clock in terms of viability, delivery, market, and costs, as well as image and compliance. All relevant types of risks, such as natural disasters, compliance, CSR, political risks, and financial indicators, are integrated. Kardex uses the riskmethods 'Risk Radar' module to monitor its 200 key suppliers, their locations, and countries, as well as additional important logistics hubs. The Supply Risk Network generates risk information via numerous connected databases and riskmethods’ Risk Research, which monitors more than 300,000 online sources. This ensures an automation level of 95% for information procurement and near real-time information on disruptions. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Predictive Analytics

Analytics & Modeling - Real Time Analytics

Functional Applications - Enterprise Resource Planning Systems (ERP)

Applicable Industries

Automotive

Electronics

Pharmaceuticals

Applicable Functions

Procurement

Use Cases

Real-Time Location System (RTLS)

Supply Chain Visibility

Services

Data Science Services

System Integration

Training

Challenge

Kardex has made it its goal to further professionalize and internationalize its procurement. Globalization of procurement always opens up opportunities and carries high potential - at the same time, greater risks arise through new markets, increased complexity in the supplier structure and new supply chains. The main challenges include safeguarding supply in the global procurement environment on a sustainable basis, achieving clarity and transparency along the entire 1-n tier supply chain, and monitoring all types of risks while assessing the impact in a risk situation.

About Customer

Kardex is one of the leading international providers of automated storage and retrieval systems. Customers from all lines of business, such as the automotive, electronics, chemical/pharmaceuticals, trade, engineering, and health sectors currently use solutions from Kardex to simplify their intralogistics processes and make them more transparent, and to demonstrably save space and process costs. The intralogistics provider has to date successfully implemented around 140,000 dynamic storage systems all over the world.

Solution

riskmethods’ Supply Risk Network allows Kardex to monitor all supply chains worldwide. This includes not only supplier risks but also countries, locations, and important hubs like the Suez Canal. Every 'risk object' is monitored and assessed around the clock in terms of viability, delivery, market, and costs, as well as image and compliance. All relevant types of risks, such as natural disasters, compliance, CSR, political risks, and financial indicators, are integrated. Kardex uses the riskmethods 'Risk Radar' module to monitor its 200 key suppliers, their locations, and countries, as well as additional important logistics hubs. The Supply Risk Network generates risk information via numerous connected databases and riskmethods’ Risk Research, which monitors more than 300,000 online sources. This ensures an automation level of 95% for information procurement and near real-time information on disruptions.

Impact #1	Kardex receives basic information on all latent risks for all suppliers, production locations, and countries, enabling accurate analyses and preventive measures.
Impact #2	The early warning system from riskmethods allows for proactive responses and aversion of loss through supply disruptions, image damage, or regulatory sanctions.
Impact #3	The Supply Risk Network provides latent basic risks for all risk objects, allowing for early assessment, analysis, and comparison of suppliers or locations.

Impact #1

Kardex receives basic information on all latent risks for all suppliers, production locations, and countries, enabling accurate analyses and preventive measures.

Impact #2

The early warning system from riskmethods allows for proactive responses and aversion of loss through supply disruptions, image damage, or regulatory sanctions.

Impact #3

The Supply Risk Network provides latent basic risks for all risk objects, allowing for early assessment, analysis, and comparison of suppliers or locations.

Benefit #1	Automation level of 95% for information procurement.
Benefit #2	Monitoring of more than 300,000 online sources for risk information.

Benefit #1

Automation level of 95% for information procurement.

Benefit #2

Monitoring of more than 300,000 online sources for risk information.

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Overview

Case Study Supply Chain Risk Management

Operational Impact

Quantitative Benefit