Operations and Business Environment - Fresenius Medical Care

02. 4
Our Fiscal Year
02. 4 Risk Report
Risk Management
With its worldwide activities, Fresenius Medical Care
is naturally exposed to a variety of risks, and the
active management of the business is directly related
to these challenges. Managing the risks allows us
to seize corresponding opportunities. As a provider
of life-saving products and therapies, we are only
marginally exposed to economic cycles, a key difference
between us and, for example, a manufacturer of
consumer goods. At the same time, our technical
experience and our broad market knowledge provide
a reliable basis for detecting risks as early as possible.
Fresenius Medical Care sees risk management as the
ongoing task of determining, analyzing and managing
the range of potential and actual developments, and,
if possible, taking correcting measures. Our broad
risk management system, which is set by internal guidelines,
is an important component of company management.
It enables management to identify and eliminate
risks that could threaten the health or growth of
the Company at an early stage, quickly minimizing
unfavorable impacts.
Risk management is part of our integrated management
information system, based on group-wide controlling
as well as an internal monitoring system, which both
serve to identify risks as early as possible. Regional
monitoring systems form the backbone of our risk
management system and identify all inherent industryand
market-specific risks. Status reports are presented
to the Management Board by the corresponding risk
managers twice a year. They give qualitative and quan-
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Risk Management System
PRODUct business
provider business
Realization Processes
Design and
Development
Manufacturing
Sales
Development
Dialysis
Treatment
Extended
Services
Support Processes
(Examples)
Purchasing
Validation
Storage and Logistics
Planning Processes
(Examples)
Responsibilities and Authorities
Resource Management
Communication
Evaluation Processes
(Examples)
Product and Service Data
System Data (Audits)
Customer Satisfaction
Improvement Processes
(Examples)
Preventive Action
Corrective Action
Management Review
Fresenius Medical Care 2006