Preisrisikomanagement
Looking at the general price volatility of commodities for comparison (Choi and Kim,
2015), especially on exchange-traded mineral raw materials and at the impact of the last
financial crisis (Frontzek, 2009; Bardt, et al., 2013; Schmitz and Sievers, 2013) it can be
concluded that an optimized purchasing strategy has to include an active and sufficient
price risk management (Frontzek, 2009).
Nevertheless, a reality check has shown that many companies have not yet established
such a price risk management.
material price risks and their covering (KPMG, 2006), KMPG found out that only 49
percent of the queried companies have formal written rules for the covering of raw
material risks. Furthermore, 66 percent of the queried companies count on third parties
to manage their risks and 38 percent relinquish in total to cover their price risks.
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