Component defect risk assessment strategic plan

Component defect risk assessment strategic plan

Stout was engaged to assist a global automotive component supplier with strategies pertaining to identifying, responding to, and mitigating exposure to the risk of component defect. Stout analyzed an array of client data and conducted independent research to develop a strategic framework for more informed business decisions. This framework aimed to involve a cross-functional client team from various divisions, including insurance, finance, legal, sales, engineering, and risk management. Additionally, the client used Stout's framework to streamline the evaluation of new opportunities and to eliminate redundancy in the client's current risk assessment process for component defects.

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