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Risk analysis of the supply chain of a tools manufacturer in Puebla, Mexico
Author(s) -
CanoOlivos Patricia,
HernándezZitlalpopoca Ricardo,
SánchezPartida Diana,
CaballeroMorales SantiagoOmar,
MartínezFlores JoséLuis
Publication year - 2019
Publication title -
journal of contingencies and crisis management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.007
H-Index - 51
eISSN - 1468-5973
pISSN - 0966-0879
DOI - 10.1111/1468-5973.12258
Subject(s) - supply chain , downtime , analytic hierarchy process , supply chain risk management , purchasing , risk analysis (engineering) , identification (biology) , quality (philosophy) , failure mode and effects analysis , business , supply chain management , risk management , operations management , risk assessment , computer science , operations research , service management , reliability engineering , engineering , marketing , finance , computer security , philosophy , botany , epistemology , biology
Risk management has taken considerable importance in the supply chain. Much research has been focused on this area to improve quality and competitiveness within organisations. This paper is focused on the identification, analysis, and evaluation of risks associated to materials/purchasing departments through the failure mode and effect analysis ( FMEA ) and analytic hierarchy process ( AHP ). This integrated analysis led to prioritise the potential risks that generate downtime and financially impact of the supply chain. Having a unique supply source was identified as the main risk, and restriction on the contract's length was determined to be a suitable solving approach. The identified risks should also be quantified considering the negative effects on cost, time, and quality‐functionality to provide immediate or long‐term solutions.