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phyllis.liu@shuztung.com.tw

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Shuz Tung Risk Management

Shuz Tung Machinery Industrial has won considerable trust and support from domestic and international major companies from semiconductor, flat panel display processes, intelligent medical imaging, turnkey planning for bicycles, and parts processing of automobiles, scooters, and variety of industries.

Risk Management

Shuz Tung Risk Management

Risk Management Policy

Shuz Tung has established "Risk Management Procedures", which are based on the analysis of the internal and external environment of the Company and the issues of concern to stakeholders. The company's internal environment includes: product risk, marketing risk, financial risk, personnel risk, and operational risk. Understanding the current situation of the company's environment, and trying to control the results of various uncertainties within the expected acceptable range of methods and processes to ensure and promote the overall interests of the organization to achieve the goal of sustainable management

Risk Management Area
The company's management system is related to the analysis of internal and external issues by each sales department for the annual situation and risk analysis and handling measures.

Internal environmental factors of the company
  • Operational risk：
  • People risk：
  • Information risk：
  • Financial risk：
  • Asset damage risk：
  • Order-taking risk：
  • Procurement risk：
  • Production and assembly risks：
  • Quality assurance inspection risk：
  • Delivery and service risks：
External environmental factors of the company.
  • Industry Environment
  • Market Environment
  • Economic Environment
  • Competitive Environment
  • Reputation risk

Operation status
Our company is committed to implementing a risk management mechanism. At the annual management review meeting, the general manager or management representative of each business department gathers the unit supervisors to discuss, supervise, and review information related to external and internal issues. They fill out the "Annual Situation Analysis Table" and "Risk Assessment Table" to determine their objectives and strategic direction, which is compiled by the business department. We also identify external and internal issues that may affect the ability to achieve the expected results of the quality management system and develop corresponding response measures after conducting a situation analysis. Furthermore, every year, the Board of Directors is presented with a report explaining the operation status and company decisions.