riskmethods’ Social Supply Risk Network monitors global supplier relationships for BELIMO Automation AG

BELIMO Automation AG relies on Social Supply Risk Network

November 21, 2014

riskmethods / Munich, December 03, 2013 – When it comes to monitoring its global supply chains, Swiss-based BELIMO Automation AG from Hinwil, a global leader for the provision of innovative electrical drive solutions in the heating, ventilation and air-conditioning sector, relies on the “Social Supply Risk Network” from riskmethods, the technological market leader for risk assessment of worldwide supply chains. Besides the ease of use and fast implementation of riskmethods’ SaaS solution, the high quality and precision, as well as the comprehensive approach in respect of the data provided were convincing factors. BELIMO Automation AG is integrating the Social Supply Risk Network into its global sourcing processes.

Supply risks do not only include business disruptions or insolvencies, but also local risks such as strikes or force majeure. Equally, country risks and political unrest are of great significance for supply chains as they impact directly on procurement paths. “The Social Supply Risk Network from riskmethods ensures extensive transparency along global supply chains, thanks to its integrated, cloud-based data approach and its Share function,” explains Heiko Schwarz, Director of riskmethods. Thanks to the Supply Chain Risk Management (SCRM) solution from riskmethods, BELIMO’s procurement staff has access to all risk-relevant information along the supply chain. “In this way, the purchasers of BELIMO Automation AG always have a clear overview of the same, up-to-date information across the company from all risk areas. If the alarm mechanism is activated, the purchasers are automatically informed in the event of tolerance transgressions,” adds Schwarz.

Christian Burgener, Head of Global Sourcing at BELIMO, was won over by the simple and quick activation of the risk radar: “Besides the comprehensive yet extremely user-friendly and very easy-to-learn range of functions, as well as flexibility, the pivotal factor in deciding for this solution was the exceptionally fast implementation – within one day. Monitoring risks along global delivery paths is an extremely, and in fact indispensable topic for BELIMO, on account of the high proportion of value added by our providers,” confirms Burgener. The increased transparency and improved response capacity in particular are extremely important for the Swiss company, “because we don’t only want to be reactive when it comes to risks, we’d rather take a proactive stance to risk exposure in our supply chains,” continues Burgener.

Procurement experts wish to be optimally informed about their supply relationships, and drive their risk-minimizing activities forward accordingly. “Only in this way are they able to keep up with short-term, changing situations in the global procurement market, and take even better decisions,” comments Peter Neumüller, Senior Procurement Engineer at BELIMO Automation on the introduction of Social Supply Risk Network. “The product provides our purchasers precisely with the information they require.”

Two additional factors were decisive for the Swiss concern. First, the fast implementation of Social Supply Risk Network, which is based on prior integration of numerous risk information data sources. This means that the vast expenditures usually incurred for procuring risk information is avoided. And second, the reasonable “Pay-as-Use” price model enables a commercially risk-free entry into the use of the riskmethods solution. “We are extremely delighted with the order from BELIMO Automation AG, because it shows that our solution can score points in SMEs in particular, as the fast and resource-saving implementation within one day does not consume valuable personnel capacities,” says Schwarz. “Also, we’re proud that we were able to gain our first Swiss customer in BELIMO Automation AG.”

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About riskmethods:

riskmethods provides companies with a comprehensive supply chain risk management solution for proactive monitoring and assessment of risks in the supply chain. An early warning system for potential risk ensures that proactive steps can be taken to avoid supply interruption, enforce compliance and protect the corporate image. The SaaS solution "Social Supply Risk Network", which was developed in Germany, combines state-of-the-art technology with cutting-edge provision of risk intelligence, to establish a leading standard in supply chain risk management