Fluctuations in currency exchange rates can be significant factors for the cost of goods you purchase and as a result can have unintended impacts both positive and negative to your corporate profitability. As supply chains grow longer and more complicated, your global supply base is more exposed to fluctuations in exchange rates adding to the growing list of procurement risks. It’s within this context that procurement and supply chain professionals now operate with a mandate to monitor and to protect against fluctuations in exchange rates.
riskmethods´ Currency Exchange Monitoring add-on is a valuable extension for Risk Radar customers. It actively monitors fluctuations in currency exchange rates and informs of any changes that exceed your configured thresholds.
The daily monitoring of currency exchange rates makes it possible to react quickly and to take necessary measures.