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  • 2019 Corporate Responsibility Report

Risk monitoring

In 2018, we established a comprehensive risk monitoring scheme for supplier procurement, subjecting the existing supplier basis to an extended risk analysis. The first step is to classify suppliers (segmentation) based on criteria such as:

  • Procurement volume
  • Critical components
  • Dependence on suppliers

Depending on the segmentation result, appropriate risk monitoring is subsequently carried out:

  • Basic monitoring:
    Financial, CSR, and compliance scoring is performed (by an external audit firm) for all suppliers within the scope of an ongoing review process.
  • Active risk monitoring:
    Suppliers exhibiting the greatest risk are subject to additional active monitoring with regard to other, global risks (e.g., natural disasters, political risks).