riskmethods: US magazine Supply & Demand Chain Executive commends riskmethods for its contribution to change management, and includes the Munich-based company in its listing of the top supply chain projects

Supply Risk Network: An Innovation that Pays Off

June 1, 2015

riskmethods/Munich, June 01, 2015 – US magazine "Supply & Demand Chain Executive" for decision-makers and executives has included riskmethods, the technological market leader in risk analysis of global supply chains, in its highly esteemed global list of top supply chain projects "2015 Supply & Demand Chain Executive 100". In this way, the magazine recognizes innovative companies that enable other organizations to achieve successful change management of the entire supply and demand chain through its products and solutions. Supply & Demand Chain Executive provides its readers with critical analyses, viewpoints and independent case studies from the areas of supply chain management and procurement management. Besides strict inclusion criteria, a key factor for being awarded the accolade by the magazine was successful implementation of the Supply Risk Network SaaS solution from riskmethods in various US companies, which then resulted in exceptionally profitable improvements in supply chain management and fast ROI on this investment. 

The criteria for making the top 100 list of Supply & Demand Chain Executive are strict. They provide information on the extent to which the introduction of an innovation or solution impacts on a company. First, a jury consisting of editorial team members assesses the business impact, since this is decisive as regards the economic risk and changes in the operation. Business impact makes up 40% of the result. This is followed by project scope (30%) and the degree of innovation of the technology or solution implemented, at 20%. The remaining 10% is assigned for distinct and technical clarity of the documentation submitted for participation.

riskmethods was selected thanks to its unique solution approach. This approach combines a cloud application that is quick to install and boasts a high degree of innovation with the advantages of a shareconomy approach. As a result, riskmethods is able to activate a fully automated, multidimensional risk management solution that allows modeling of the entire supply chain within the shortest time. Management of the "Supply Risk Network" SaaS solution, as well as data and all risk score cards can be controlled via the web and via iOS using an intuitive, user-friendly interface.

"We're ecstatic about this accolade. It is the result of extensive analysis of our Supply Risk Network and the positive effect it has on our customers' business processes. The data supplied by the Munich-based company enables comprehensive risk analysis of all locational factors and ensures improvement of numerous business structures and processes across all supply chains, allowing fast ROI on the investment, within 12 months. "We have been able to demonstrate the immense positive effect in a study that we conducted in collaboration with Eckseler Consult," adds Zimmer. "And the additional 'share effect', which exploits cross-industry synergies, was not even taken into consideration at the time." Information on same suppliers is shared with the Supply Risk Network – provided the customer has agreed to this.
"Minimum installation effort and maximum gain," summarizes Zimmer: "Transparency that pays off!"

About "Supply & Demand Chain Executive":
Supply & Demand Chain Executive is the executive's user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage.

About riskmethods:
riskmethods provides companies with a comprehensive supply chain risk management solution for proactive monitoring and assessment of risks in the supply chain. Potential risks are detected at an early stage, which means that proactive steps can be taken to ensure that the ability to supply is not compromised, that compliance is maintained and that the corporate image is not jeopardized. The SaaS solution “Supply Risk Network”, which was developed in Germany, combines state-of-the-art technology and innovative provision of risk intelligence into a leading standard for supply chain risk management.