Enhancing Operational Risk Monitoring for a Large Manufacturing Firm
A large manufacturing firm with operations across India needed a robust system to monitor and mitigate operational risks linked to its extensive network of suppliers and partners.
Challenges
Limited visibility into the financial and operational health of over 500 suppliers.
Inability to predict disruptions caused by high-risk suppliers or partners.
Inefficient manual monitoring processes leading to delays in decision-making.
Solution
The firm adopted our risk reports for underwriting and linkages tool to:
Assess the financial health and creditworthiness of suppliers using comprehensive reports covering financial statements, credit ratings, and industry trends.
Map 360-degree linkages to identify dependencies between suppliers and their financial exposure to other entities.
Receive automated alerts on changes in supplier ratings or high-risk transactions.
Challenges
Identified 20 suppliers with declining credit health, enabling early intervention and renegotiation of contracts.
Reduced supply chain disruptions by 25% within the first six months.
Streamlined monitoring processes, saving 30 hours per week for the risk management team.
Improved decision-making confidence by providing comprehensive risk profiles of suppliers and partners.
