FMEA based Quantification analysis of Outbound Supplier Risk and its Resilience

Karthick. M; Manikandan .V

FMEA based Quantification analysis of Outbound Supplier Risk and its Resilience

Karthick. M * §

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Manikandan .V

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§ Thiagarajar College of Engineering, Madurai

FMEA based Quantification analysis of Outbound Supplier Risk and its Resilience

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Abstract

Supply chain is the linkage of series of organizations with facilities, functions, and logistic activities that are involved in producing and also delivering a product or service. In the past, when firms manufactured in-house, they sourced locally and sold directly to customer. During that period, supply chain risk was less diffused and easier to manage. In recent years global supply chain was hit by increasing globalization, because all organizations had to face vulnerable by different types of risk in their inbound and outbound supply chain network. The various supply chain (SC) vulnerabilities are reputation, unreliability, overstocking, price increases, corruption, natural disasters and financial failure. The implications of supply chain possessing vulnerability costlier and lead to significant customer delivery delays, etc. Though, different types of supply chain vulnerability management methodologies have been proposed for managing supply risk. To the above concern, reinforce outbound supply chain risk management by proposing an integrated methodology to classify, manage and assess outbound supply risks were made. The contributions of the work owing to namely (1) outbound supply risk factors are identified through both supply chain risk literature review and industrial interview; (2) Hierarchical risk factor classification structure is created; (3) reduction of outbound supplier risk by using six sigma methodologies was validated. This project is an attempt to quantify the outbound supplier risk with a suitable case study.

References

16 Cites in Article

Reference Format

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Karthick. M, Manikandan .V. 2014. "FMEA based Quantification analysis of Outbound Supplier Risk and its Resilience". Global Journal of Research in Engineering, Global Journal of Research in Engineering - G: Industrial Engineering GJRE-G Volume 14 (GJRE Volume 14 Issue G1).

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GJRE Volume 14 Issue G1

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Journal Specifications

Crossref Journal DOI 10.17406/gjre

Print ISSN 0975-5861

e-ISSN 2249-4596

Keywords

corruption increasing globalization natural disasters and financial fa overstocking price increases unreliability vulnerabilities are reputation

Classification

GJRE-G Classification FOR Code: 290502

Submission ReceivedDecember 13, 2013
Peer Review Double Blind
Handling Editor
Accepted January 3, 2014
Published January 15, 2014

Version of record

v1.2

Issue date

March 27, 2014

Language

English

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Article Matrices

Total Score: 102

Country: India

Subject: Global Journal of Research in Engineering

Authors: Karthick. M, Manikandan .V (PhD/Dr. count: 0)

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