Korbinian Reng
Vice President Portfolio Strategy and Marketing
In portfolio management, we are looking ahead which solutions tomorrow’s world will require and how our customers will work with them.
New and intelligent technologies, global platforms and complete connectivity across supply chains and down on machine level will fundamentally change how we manage supply chains.
I find it extremely exciting to work on solutions with our customers and innovation partners that will ensure our joint continued success in tomorrow's global competition.
Besides those future oriented topics, we also take a very pragmatic view on how we can better solve today's challenges. Usually, it only takes a few adjustments or a new approach to better master the daily business challenges with existing ideas and tools.
I look forward to exchanging ideas and experiences with you!
Posts by Korbinian Reng:
Supply Chain Act: the first three steps to better assurance
Matching themes: due diligence, ESG, Risk Management, supplier risks, sustainability
The Supply Chain Due Diligence Act, commonly referred to as the Supply Chain Act for short, puts companies under pressure to act: from January 1, 2023, all companies in Germany with more than 3,000 employees will be co-responsible for ensuring that human rights are respected in their supply chain. Worldwide, 100 million people are affected by modern slavery, almost 80 percent of whom are children. The law aims to give these people a better future and contains a catalog of eleven internationally recognized human rights conventions. Read more
How to ensure a supply chain’s mid- and long-term resilience—including practical examples
Matching themes: analytics, artificial intelligence, Covid19, Risk Management, security of supply, supply risks, visibility
In the last two posts of my blog series, I focused on taking the first steps in dealing with an acute crisis. So far, I have emphasized the importance of integrating supply chain management and risk management, as well as taking ad-hoc measures to counter the impacts of Covid-19. Now, the next step is to take medium and long-term measures to make supply chains resilient in the long run. Read more
How to successfully steer your supply chain through a crisis: Quick response measures
Matching themes: analytics, capacity management, Covid19, production planning, Risk Management, security of supply, transport management, visibility, VUCA
Recently, in the first part of my blog article series “Supply Chain Risk Management – far more than just a way out of the current crisis“, I highlighted the importance of linking the two disciplines of Risk Management and Supply Chain Management when managing crises. There is another important aspect to not just surviving times of crisis, but to come out of these strengthened. And that is the time factor.
For this reason, the second part of this blog article series is dedicated to the following questions: Where do I start? What ad-hoc measures can I implement to mitigate impact? What can I quickly do to protect my supply chain? Read more
Supply Chain Risk Management – far more than just getting out of the current crisis
Matching themes: Covid19, Risk Management, security of supply, supply risks, visibility, VUCA
The current coronavirus crisis clearly shows how vulnerable and susceptible to disruption supply chains are today. It also shows how important it is to anticipate disruptions of any kind in order to minimize their impact. In this context, supply chain risk management plays a major role. Essentially, it is a matter of finding answers to the following questions:
- What risks is my supply chain exposed to?
- How can I identify problems in my supply chain as quickly as possible, catchword early warning system?
- What do I need to do to minimize loss and to be even stronger in the end?
- As well as the lessons learnt: Which measures should I implement to ensure that I can effectively respond to any future risks?
Optimize your procurement with online auctions
Buyers in the manufacturing industry face a variety of challenges, such as volatile markets, high competitive pressure and ever shorter product cycles – catchword time-to-market – to name a few. Adding to that, manufacturing companies primarily source production components, placing high demands on quality and delivery time. But also the so-called indirect material offers a great potential for optimization. Many are asking how to optimize the entire purchasing process in such times. A promising approach is online auctions. Read more