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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
The 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 The 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.
The 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.
Operational Impact
Quantitative Benefit
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