Risk Management / Contingency Plan. The Supplier must ensure that all potential incidents, which could negatively affect the supplier's ability to deliver within the supply and process chain, are identified, evaluated and controlled by the risk management system. Possible incidents that could cause an emergency: machine defect, loss of personnel, loss of sub- contractor or power failure. The appropriate preventive measures should be fixed in a contingency plan. The effectiveness of the contingency plan must be checked annually by the Supplier and must be submitted to the Buy- er on request. The Supplier must be adequately insured for the damage caused by his inability to deliver to the Buyer and his customers, as well as for product liability cases.
Risk Management / Contingency Plan. The supplier must ensure, that all potential incidents (incl. Pandemic outbreak) within the supply and process chain that could adversely affect his ability to deliver are identified, evaluated, and controlled by the risk management system on his own responsibility. Possible events leading to an emergency are among others machine defect, cyber-attack, personnel failure, loss of sub-supplier or disturbance in the utility grid (electricity, gas, water, etc.). The appropriate preventive measures should be fixed in a contingency plan. The effectiveness of the contingency plan must be checked annually by the Supplier and must be submitted to the Buyer on request. The Supplier must be adequately insured for the damage caused by his inability to deliver to the Buyer and his customers, as well as for product liability cases.
