Risk Management Analysis Using FMECA and ANP Methods in the Supply Chain of Wooden Toy Industry. (May 2019)

• Record Type: Journal Article
• Authors: Tanjung, W N; Atikah, S A; Hidayat, S; Ripmiatin, E; Asti, S S; Khodijah, R S
• Is Part Of: IOP conference series. Volume 528(2019)
• Publication Date: 2019-05
• Subjects: ANP -- FMECA -- SCRM; Materials science -- Periodicals; 620.1105
• DOI: 10.1088/1757-899X/528/1/012007
• Languages: English
• ISSNs: 1757-8981

Abstract

Abstract: Risk is a factor that has a potential to occur in every part of an industry, including its supply chain. Every industry must consider and manage its supply chain risks in order to minimize losses while improving performance. In this study, a supply chain risk management (SCRM) approach was conducted in the supply chain of wooden toy industry as a way to minimize the impact of risk. In this case, SCRM method is done by identifying risks, assessing risks using the failure mode effect criticality analysis (FMECA) method to determine the risk priorities that must be mitigated, and establish strategies to mitigate the risk with analytical network process (ANP) method. Thus, the risk priority in the wooden toy industry's supply chain is the cost/price risk with the highest WRPN value of 33, 379. In order to mitigate the cost/price risk, conducting strategic accounting practices and financial planning are recommended to be considered as its strategies.