01/28/2015 CORPORATE

Atlantic Grupa Winner of Award for Successful Risk Management in Procurement

Competing between over one hundred companies from around the world, based on a study conducted by the esteemed Swiss Institute of Technology Management in St. Gallen, Atlantic Grupa ranked among five companies with the most successful procurement management in volatile supply markets; that is, risks in procurement.

The study included an analysis of the quality of established processes for risk management in procurement and foreign currency risks, analysis of organization of teams for risk management and defined responsibilities within the teams, as well as the degree of usage of advanced technologies and applications for identifying, monitoring, and quantifying procurement risks. During the selection process for most successful companies, in addition to gathering information through teleconferences with employees from Central Procurement and Corporate Treasury Departments, an expert committee from the Institute in St. Gallen and the Swiss Industrial Consortium that assisted in the implementation of this study visited Atlantic Grupa headquarters. Here they were presented with, in detail, the method in which Atlantic Grupa manages its above-mentioned risks and the methodology we use to achieve this.

This award places Atlantic Grupa side by side with the most successful companies in the world in terms of risk management.