Case Study Supply Chain Risk Management at Swiss Steel
Customer Company Size
Large Corporate
Region
- Europe
Country
- Switzerland
Product
- Supply Risk Network
- MunichRE NATHAN Risk Suite
Tech Stack
- Automated Risk Management Solution
- Linked Databases
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
- Customer Satisfaction
- Productivity Improvements
- Brand Awareness
Technology Category
- Analytics & Modeling - Predictive Analytics
Applicable Industries
- Metals
Applicable Functions
- Procurement
- Logistics & Transportation
- Quality Assurance
Use Cases
- Supply Chain Visibility
- Predictive Maintenance
- Real-Time Location System (RTLS)
Services
- System Integration
- Data Science Services
- Training
About The Customer
Swiss Steel is a leading company in the steel manufacturing industry, known for its high-quality products and extensive global supply chain. The company has been proactive in addressing supply chain risks to ensure uninterrupted operations. With a focus on innovation and quality, Swiss Steel has implemented advanced risk management solutions to maintain its competitive edge in the market. The company operates on a global scale, dealing with numerous suppliers, subcontractors, and logistics hubs, making risk management a critical aspect of its operations.
The Challenge
Swiss Steel faced significant challenges in ensuring supply security due to various risks in the supply chain. Traditional methods of monitoring financial stability and country risk ratings were insufficient. The company needed a comprehensive approach to monitor all potential risks, including supplier, location, and country risks. Information procurement was cumbersome and time-intensive, leading to an unsatisfactory feeling concerning supply security.
The Solution
Swiss Steel implemented an automated, multidimensional risk management solution called 'Supply Risk Network' from riskmethods. This solution covers the entire supply chain, performing 'n-tier' modeling for all risk objects, including suppliers, subcontractors, locations, and countries. The system monitors various types of risks, such as compliance, quality, price fluctuations, natural disasters, strikes, and political risks. It generates information from numerous linked databases and searches over 300,000 online sources, offering a high degree of automation. The tool functions as both an early warning system and a means to assess latent risks, enabling Swiss Steel to take preventive actions and respond to crises in real-time.
Operational Impact
Quantitative Benefit
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