Case Studies Nokia and riskmethods

Edit This Case Study Record

	Nokia and riskmethods

Nokia and riskmethods

Technology Category	Analytics & Modeling - Predictive Analytics
Applicable Industries	Telecommunications
Use Cases	Predictive Maintenance Supply Chain Visibility
Services	Software Design & Engineering Services System Integration
Challenge	Nokia faced significant challenges in managing its complex supply network, which included nearly 30,000 suppliers and over 10,000 orders per day from more than 120 countries. The company had undergone a series of mergers and acquisitions, nearly doubling in size and distribution within a few years. This rapid expansion led to a supply network with more than four tiers, where suppliers often used the same sub-suppliers. Consequently, a problem with one sub-supplier could impact the entire network. Nokia needed a solution to manage these complexities and mitigate risks effectively. Read More
About Customer	Nokia is a global leader in the telecom industry, offering an end-to-end portfolio of network equipment, software, services, and licensing. Their customer base includes service providers supporting 6.1 billion subscriptions, as well as enterprises in both the private and public sectors. Nokia also serves consumers with technology and devices. The company operates 24 factories in 16 countries, producing 6,000 products annually and managing a supplier base of over 28,500. With a purchasing volume exceeding €14 billion, Nokia ships to 120 countries and handles 10,000 sales orders daily. Read More
Solution	Nokia implemented The riskmethods Solution to enhance its supply chain risk management. This AI-based monitoring tool allows Nokia to track risk events globally, freeing up the risk management team to focus on tactical and strategic activities. The solution provides comprehensive supply chain visibility, enabling Nokia to track individual components and follow the upstream and downstream paths of specific suppliers. It also automates supplier assessments, reducing manual processes and ensuring up-to-date evaluations. Additionally, the solution segments the supply chain into tiers, notifying relevant employees when a risk event occurs in any tier. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Predictive Analytics

Applicable Industries

Telecommunications

Use Cases

Predictive Maintenance

Supply Chain Visibility

Services

Software Design & Engineering Services

System Integration

Challenge

Nokia faced significant challenges in managing its complex supply network, which included nearly 30,000 suppliers and over 10,000 orders per day from more than 120 countries. The company had undergone a series of mergers and acquisitions, nearly doubling in size and distribution within a few years. This rapid expansion led to a supply network with more than four tiers, where suppliers often used the same sub-suppliers. Consequently, a problem with one sub-supplier could impact the entire network. Nokia needed a solution to manage these complexities and mitigate risks effectively.

About Customer

Nokia is a global leader in the telecom industry, offering an end-to-end portfolio of network equipment, software, services, and licensing. Their customer base includes service providers supporting 6.1 billion subscriptions, as well as enterprises in both the private and public sectors. Nokia also serves consumers with technology and devices. The company operates 24 factories in 16 countries, producing 6,000 products annually and managing a supplier base of over 28,500. With a purchasing volume exceeding €14 billion, Nokia ships to 120 countries and handles 10,000 sales orders daily.

Solution

Nokia implemented The riskmethods Solution to enhance its supply chain risk management. This AI-based monitoring tool allows Nokia to track risk events globally, freeing up the risk management team to focus on tactical and strategic activities. The solution provides comprehensive supply chain visibility, enabling Nokia to track individual components and follow the upstream and downstream paths of specific suppliers. It also automates supplier assessments, reducing manual processes and ensuring up-to-date evaluations. Additionally, the solution segments the supply chain into tiers, notifying relevant employees when a risk event occurs in any tier.

Impact #1	The riskmethods Solution has significantly improved Nokia's supply chain visibility, allowing the company to track the value stream of individual components and follow the upstream and downstream paths of specific suppliers.
Impact #2	Automated supplier assessments have reduced the need for manual processes, ensuring that assessments are always current and accurate.
Impact #3	The solution has enabled Nokia to segment its supply chain into tiers, providing sub-tier insights and notifying relevant employees when a risk event occurs in any tier.

Impact #1

The riskmethods Solution has significantly improved Nokia's supply chain visibility, allowing the company to track the value stream of individual components and follow the upstream and downstream paths of specific suppliers.

Impact #2

Automated supplier assessments have reduced the need for manual processes, ensuring that assessments are always current and accurate.

Impact #3

The solution has enabled Nokia to segment its supply chain into tiers, providing sub-tier insights and notifying relevant employees when a risk event occurs in any tier.

Benefit #1	Nokia manages a supplier base of over 28,500.
Benefit #2	The company handles 10,000 sales orders daily.
Benefit #3	Nokia operates 24 factories in 16 countries.

Benefit #1

Nokia manages a supplier base of over 28,500.

Benefit #2

The company handles 10,000 sales orders daily.

Benefit #3

Nokia operates 24 factories in 16 countries.

Download PDF Version

Overview

Nokia and riskmethods

Operational Impact

Quantitative Benefit