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Title: FMEA based potential risk analysis of lower cost region sourcing
Author: Zhang, J; Zhu, Q
Abstract: Lower cost region sourcing (LCRS) is becoming one of the important activities of the sourcing manager in many enterprises in the higher cost region, such as America, Japan, etc. When Supply chain managers are facing the lower price products from the LCR, they must consider how to analyze the risks of LCRS to control these risks and take the relate measures. A risk analysis and assessment approach is proposed which applied failure mode effect analysis methodology to layout the potential risks of lower cost region sourcing. The approach of risks identification, risk analysis and risk assessment is discussed to control and mitigate potential risks associated with lower cost region sourcing activities. The proposed approaches can help enterprise to know clearly the risks in LCRS and to determine the corresponding actions and their priority sequence to cope with the risks so as to avoid the damages caused by blindness actions.
Source: 2006 IEEE International Conference on Service Operations and Logistics, and Informatics (SOLI 2006), Proceedings
Publication Year: 2006
Volume:
Issue nr:
Pages: 158 - 163
Science Code: Engineering, Industrial; Management; Operations Research & Management Science
Tags: lower cost region sourcing; risk analysis; risk assessment; failure mode effect analysis
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