{"id":90586,"date":"2023-03-31T14:55:00","date_gmt":"2023-03-31T12:55:00","guid":{"rendered":"https:\/\/www.KGM Strategy.com\/?p=90586"},"modified":"2024-09-16T10:52:12","modified_gmt":"2024-09-16T08:52:12","slug":"discover-the-success-story-of-one-of-our-clients-3","status":"publish","type":"post","link":"https:\/\/www.KGM Strategy.com\/en\/insights\/discover-the-success-story-of-one-of-our-clients-3\/","title":{"rendered":"Success story of a mechanical engineering company"},"content":{"rendered":"<div class='container  py-3'><div class=\"row \"><div class=\"col-lg-12\"><h2 style=\"text-align: left;\">Revolutionizing Supplier Risk Management<\/h2><\/div><\/div><\/div>\n<div class='container  py-3'><div class=\"row \"><div class=\"col-lg-6\"><p>In an increasingly interconnected and volatile market, risk management has become a critical issue for companies. A study by KGM Strategy revealed that 42% of participants experienced delivery failures in the last 6 months, highlighting the vulnerability of global supply chains. To proactively identify and address risks, a mechanical engineering company with a 4 billion euro annual revenue and 40 locations worldwide implemented a new warning system.<\/p><\/div>\n<div class=\"col-lg-6\"><p>This integrated tool solution assessed supplier risks from multiple angles, including credit rating monitoring, frequent supplier queries, internal evaluations, and push analytics. As a result, the company significantly improved its risk visibility from 10% to over 90% and identified several previously unknown risky suppliers during the implementation phase.<\/p><\/div><\/div><\/div>\n<div class='container  py-3'><div class=\"row \"><div class=\"col-lg-12\"><div style=\"width: 1920px;\" class=\"wp-video\"><!--[if lt IE 9]><script>document.createElement('video');<\/script><![endif]-->\n<video class=\"wp-video-shortcode\" id=\"video-90586-1\" width=\"1920\" height=\"1080\" preload=\"metadata\" controls=\"controls\" playsinline autoplay muted loop><source type=\"video\/mp4\" src=\"https:\/\/www.KGM Strategy.com\/wp-content\/uploads\/2023\/07\/221213_Risk_Management_final.mp4?_=1\" \/><a href=\"https:\/\/www.KGM Strategy.com\/wp-content\/uploads\/2023\/07\/221213_Risk_Management_final.mp4\">https:\/\/www.KGM Strategy.com\/wp-content\/uploads\/2023\/07\/221213_Risk_Management_final.mp4<\/a><\/video><\/div>\n<p>&nbsp;<\/p>\n<p class=\"text-center\"><a class=\"btn btn-primary\" href=\"https:\/\/www.KGM Strategy.com\/en\/clients\/foresighted-risk-management-at-a-machine-builder\/\">Read the reference case<\/a><\/p><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In an increasingly interconnected and volatile market, risk management has become a critical issue for companies.<\/p>\n","protected":false},"author":10,"featured_media":90594,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"Revolutionizing Supplier Risk Management | Succss Story","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[731,716,706],"tags":[],"class_list":["post-90586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-materials-process-industry","category-risk-management","category-video"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.KGM Strategy.com\/en\/wp-json\/wp\/v2\/posts\/90586","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=90586"}],"version-history":[{"count":0,"href":"https:\/\/www.KGM Strategy.com\/en\/wp-json\/wp\/v2\/posts\/90586\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.KGM Strategy.com\/en\/wp-json\/wp\/v2\/media\/90594"}],"wp:attachment":[{"href":"https:\/\/www.KGM Strategy.com\/en\/wp-json\/wp\/v2\/media?parent=90586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.KGM Strategy.com\/en\/wp-json\/wp\/v2\/categories?post=90586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.KGM Strategy.com\/en\/wp-json\/wp\/v2\/tags?post=90586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}