A wide range of business-critical risks
face today’s automotive supplier. Typical risks include material shortages, catastrophic property losses from unforeseen events, supply chain interruptions, IT failures and more. The lack of transparency and control among sub suppliers only adds to the risk equations for tier 1 suppliers.
Smart planning is increasingly becoming a strategic imperative, especially as the automotive supply becomes even more globalized.
This paper addresses the resources and tactics to put into place for an effective risk management strategy and how the MMOG/LE assessment requires the development of a well documented, tested, validated and communicated contingency plan.
The MMOG/LE requirement as well as the incorporation of risk-based thinking in IATF 16949:2016, will be necessary for your organization to address in order to keep your preferred supplier status...