{"id":52508,"date":"2021-09-17T13:05:46","date_gmt":"2021-09-17T11:05:46","guid":{"rendered":"https:\/\/www.KGM Strategy.com\/?p=52508"},"modified":"2024-09-16T10:08:45","modified_gmt":"2024-09-16T08:08:45","slug":"supplier-health-monitor-identifying-insolvency-risks-among-suppliers","status":"publish","type":"post","link":"https:\/\/www.KGM Strategy.com\/en\/insights\/supplier-health-monitor-identifying-insolvency-risks-among-suppliers\/","title":{"rendered":"Supplier Health Monitor"},"content":{"rendered":"<div class='container  py-3'><div class=\"row \"><div class=\"col-lg-12\"><p><strong><span style=\"color: #004146;\">Early identification and management of supplier insolvency risks are becoming increasingly important in the wake of the Corona pandemic. For example, 74 percent of the participants in our current <u>risk management study<\/u> expect the number of supplier insolvencies to rise.<\/span><\/strong><\/p>\n<h2>Evaluation of the insolvency risk<\/h2>\n<p>Delivery delays or failures due to a supplier&#8217;s financial difficulties can lead to high downtime costs. To evaluate the insolvency risk of suppliers, KGM Strategy has developed the &#8220;Supplier Health Monitor&#8221;. With this framework, default risks due to insolvency can be managed proactively and with foresight down to tier 3 suppliers.<\/p>\n<p><a class=\"btn btn-outline-secondary text-terciary\" href=\"https:\/\/www.KGM Strategy.com\/kontakt\/\" target=\"_blank\" rel=\"noopener noreferrer\">Contact us!<\/a><\/p>\n<div class=\"box\" style=\"padding: 20px; background-color: #c7d7e8;\">\n<p>The &#8220;Supplier Health Monitor&#8221; follows the professional <a href=\"https:\/\/www.KGM Strategy.com\/en\/expertise\/risk-management\/\"><u>risk management process<\/u><\/a> in four steps:<\/p>\n<ul class=\"checklist checklist-cols-2\">\n<li><strong>Risk identification<\/strong><\/li>\n<li><strong>Risk evaluation<\/strong><\/li>\n<li><strong>Risk control<\/strong><\/li>\n<li><strong>Risk monitoring<\/strong><\/li>\n<\/ul>\n<\/div>\n<h2><\/h2>\n<h2>The Supplier Health Monitor identifies suppliers with a high risk of insolvency in order to develop specific risk mitigation measures<\/h2>\n<p>Suppliers with a high risk of insolvency are identified, the probability of occurrence of insolvency is determined, and possible effects are assessed quantitatively and qualitatively.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.KGM Strategy.com\/wp-content\/uploads\/2021\/09\/supplier-health-monitor-DE-neu.png\" target=\"&quot;_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-41268\" src=\"https:\/\/www.KGM Strategy.com\/wp-content\/uploads\/2021\/09\/supplier-health-monitor-DE-neu.png\" alt=\"\" width=\"700\" height=\"310\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>In addition to own data, our framework incorporates information from credit insurers, rating agencies and the media and create dashboards showing relevant updates and alerts when action is needed.<\/p>\n<p>Building on our structured risk assessment, the &#8220;Supplier Health Monitor&#8221; offers a specific catalogue of immediate measures based on the importance of a supplier&#8217;s role in production. This provides a pragmatic basis for finding suitable solutions in reasonable time.<\/p>\n<p><a class=\"btn btn-outline-secondary text-terciary\" href=\"https:\/\/www.KGM Strategy.com\/kontakt\/\" target=\"_blank\" rel=\"noopener noreferrer\">Learn more!<\/a><\/div><\/div><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>The Supplier Health Monitor identifies suppliers at high risk of insolvency in order to develop risk mitigation measures.<\/p>\n","protected":false},"author":10,"featured_media":52514,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"Identify insolvency risks with the Supplier Health Monitor","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[700,716,717,394],"tags":[],"class_list":["post-52508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-article","category-risk-management","category-supply-chain-resilience","category-general-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.KGM Strategy.com\/en\/wp-json\/wp\/v2\/posts\/52508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.KGM Strategy.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.KGM Strategy.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.KGM Strategy.com\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.KGM Strategy.com\/en\/wp-json\/wp\/v2\/comments?post=52508"}],"version-history":[{"count":0,"href":"https:\/\/www.KGM Strategy.com\/en\/wp-json\/wp\/v2\/posts\/52508\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.KGM Strategy.com\/en\/wp-json\/wp\/v2\/media\/52514"}],"wp:attachment":[{"href":"https:\/\/www.KGM Strategy.com\/en\/wp-json\/wp\/v2\/media?parent=52508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.KGM Strategy.com\/en\/wp-json\/wp\/v2\/categories?post=52508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.KGM Strategy.com\/en\/wp-json\/wp\/v2\/tags?post=52508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}