SC-MANAGER: RISK & COMPLIANCE MANAGEMENT

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The Risk & Compliance Management of the SC-Manager offers companies a comprehensive solution for monitoring and controlling risks throughout the entire supply chain. With a 360-degree view of financial, political, operational, and compliance risks, the SC-Manager enables efficient and strategic management of global supply chains. The system helps identify risks early, take actions, and monitor compliance with standards and regulations.

Risk & Compliance Scorecard: An integrated risk assessment

The Risk & Compliance Scorecard of the SC-Manager combines various risk factors into a single, easy-to-understand overview. It covers financial risks, compliance risks, sustainability risks, as well as operational performance risks derived from KPIs and supplier evaluations.

The weighted risk factors are combined into an overall score that provides a comprehensive view of the risk. Both internal and external risk sources are seamlessly integrated to ensure a holistic view. Alarm signals help identify potential risks early, both at the overall risk level and for individual risks. In addition, key users can adjust individual risks and their weighting to optimally tailor the assessment to the company's specific requirements.

This scorecard enables the company to make informed risk assessments and strategically plan measures to mitigate risks.

Warning systems and risk dashboards: Continuous real-time monitoring

A warning system alerts users to potential risks. The system provides a detailed overview of the risk status at all times and enables quick responses to deviations or threats.

This includes traffic light systems that allow visual monitoring of the current risk situation, as well as detailed risk dashboards and reports that provide in-depth analysis of risk factors and enable informed decision-making based on constantly updated data. Detailed root cause analyses help understand and address the underlying issues of identified risks.

Continuous monitoring is ensured through integrated action and audit management.

Moreover, key users can flexibly manage traffic light values and notifications to adapt the system to the company’s individual requirements.

Supplier questionnaires: Efficient information and document collection

The SC-Manager facilitates collaboration with suppliers through supplier questionnaires that can be completed directly through the supplier portal. Suppliers upload required documents such as certificates and complete questionnaires on master data, product range, locations, sanctions, and subcontractors. In addition, specific questionnaires on legal, ethical, environmental, and social standards are provided. Product-specific documents and compliance requirements can also be monitored and queried. The SC-Manager further supports targeted monitoring of regulation-relevant products, such as REACH- and ROHS-compliant materials.

The status of questionnaire processing is automatically reported to procurement, and the provided information can be reviewed through checklists. This simplifies documentation requirements and improves the efficiency of supplier communication.

KPIs and Supplier Evaluation: Monitoring supplier performance

The SC-Manager determines key Risk KPIs from ERP system data, as well as from internal surveys and supplier evaluations. The KPIs obtained, such as on-time delivery, quantity accuracy, complaint rates, and other parameters, enable a well-founded assessment of supplier performance and their risk potential.

The Risk Checklist offers a structured and transparent method for risk assessment, helping companies identify and address potential risks early.

Risk & Compliance Partners: Extended risk management services

The SC-Manager enables seamless integration of external Risk & Compliance partners through interactive interfaces, extending risk management with additional services and analyses.

The key cooperation partners are:

• IntegrityNext for comprehensive sustainability management with an interactive interface.
• Creditsafe for financial rating and compliance monitoring.

Through the API of the SC-Manager, your company can also establish connections with additional information services such as Bisnode, DnB, Google Alerts, FSI (Fragile State Index), and Ecovadis, thus tailoring your risk management approach.

Conclusion

The Risk & Compliance Management of the SC-Manager provides a comprehensive and flexible solution for monitoring and controlling risks throughout the entire supply chain. With an integrated scorecard, a warning system, and detailed risk dashboards, companies can identify potential risks early and take targeted measures. The ability to seamlessly integrate external partners and services extends the functionality, offering an even more comprehensive risk management solution.

Further information: SC-Manager: Risk & Compliance Management