riskmethods German Supply Chain Law Bundle™

riskmethods German Supply Chain Law Bundle includes all the components you need to manage risks. Meet the legal requirements: Perform regular risk analysis in real time, document alerts received, as well as preventive and corrective actions taken.

Ensure Compliance and Transparency

Creating transparency and maintaining compliance in the supply network remain a major challenge for purchasing and supply chain managers. After all, ensuring that laws and regulatory compliance are observed is ultimately their task. 

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Monitor for risks and ensure compliance

With riskmethods Compliance Incident ManagementTM (CIM), you can monitor your supply network for potential risks and ensure compliance to legal requirements. 

  • Avoid liability risks By integrating Compliance Incident Management and supply chain due diligence check into a holistic risk management, you can adhere to supply chain law. Avoid fines, penalties, and sanctions, as well as exclusion from public contracts.
  • Achieve transparency Continuously monitor your supply network for potential risks and compliance requirements with The riskmethods Solution. Use artificial intelligence to automatically notify you of relevant risks in real time.

Mitigate Risks Related to the German Supply Chain Law

When you receive a risk alert, riskmethods Action PlannerTM helps you take remedial actions and communicate these across the organization and to your suppliers. Use ready-made and customizable action plans in which preventive measures and responsibilities are already anchored. 

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React faster

Prepare a catalog of action plans for various types of risk, including human and labor rights violations, but also civil unrest, sanctions, strikes, or cyberattacks. You can react faster to violations or incidents.

  • Minimize supply chain due diligence risks. Have pre-built preventive and remedial action plans on hand for all kinds of risk. Customize plans easily to fit each use case.
  • Avoid fines and penalties. Your company is not the only one wondering how to mitigate risk. CIM automatically documents activities, so they can be shared with authorities or other external partners.
riskmethods Solution on the computer

Avoid reputational damage

Through increased transparency along the entire supply chain, you avoid losses in sales and profitability, damage to your reputation, and exclusion from public contracts.

  • Recognize risks before they occur and before dangers become actual events. Through continuous monitoring, potential risks are identified at an early stage.
  • Build trust for a range of benefits to enterprises and shareholders. Build trust, maintain integrity, and verify that you comply with laws, to protect your reputation.
Quote
With The riskmethods Solution, we are well prepared for the requirements of the German supply chain due diligence law.
Gero Stüve, Head of Procurement, Rottendorf Pharma
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Be risk aware

Make better decisions. Achieve greater visibility to uncover risks, including geopolitical hot spots or sanctioned companies.

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React faster

Build business continuity. Detect risk patterns that could lead to compliance violations. Have ready-made action plans so you can respond immediately.

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Be proactive

Protect your brand. Monitor for all kinds of risk - including financial, geopolitical, and cyber - to build resilient supply chains.

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