Risk management: Securing supply chains

The stronger our network, the stronger we are as a distributor. Meraxis works with carefully selected suppliers as a matter of principle. As part of our risk management, we keep a close eye on all of them through constant monitoring - in all Meraxis divisions. Our automotive team is a particular pioneer in this regard. 

The automotive industry sets the standard

In all Meraxis divisions, we have set up quality and risk management processes in line with the high standards of the automotive industry. The "International Au­to­mo­tive Task Force" (IATF), a working group consisting of automobile manufacturers and automobile associations, has defined guidelines for this. We have implemented and further developed these throughout Meraxis. The IATF standard "16949" is based on the generally known ISO 9001, but sets higher re­quire­ments and places greater emphasis on customer satisfaction. We obtained both certifications without any detours at the first attempt. Thus we are optimally equipped to, among other things:

  • recognize and avoid errors and risks 
  • eliminate their causes
  • take effective measures to prevent risks,
  • and to continuously improve processes.

Closely connected for fast decisions

One element of our risk management is supplier monitoring. This involves consistently ranking all suppliers on a scale according to their current creditworthiness. This is the first phase of our multi-stage security system. Our category managers are not the only ones who keep an eye on their suppliers and assess their status - we also work with renowned credit insurers. They carry out regular credit ratings for our supplier pool. As soon as the early warning system identifies an increased risk at a company, it is analyzed in detail - including the probability of occurrence, the purchasing volumes affected, and the financial and default risk.

Risk management is always time-critical. That's why our team works closely together and communicates transparently. Among other things, our category managers and finance experts work together along clearly defined escalation levels. Of course, customers who purchase material from a potential risk supplier are also involved accordingly. They can rely on us to keep them informed, find optimal alternatives for them and coordinate them together. This may mean, for example, that we provide material from one of our warehouses or engage another supplier from our broad network. Crucially, we have appropriate preventive measures, contingency plans and alternatives at the ready based on our safety system - so that every customer can rely on Meraxis quality.