Risk Analysis and Mitigation in Supply Chain Fashion Company

This study aims to identify the nature of the highest level of risk, identify
the risk cause that should be a priority for the business, and identify the
proper risk reduction strategy in the fashion company’s supply chain. The
data analysis method uses the Interpretive Structural Modeling (ISM)
method, then the Risk Priority Number (RPN) and the Risk Reduction
Number (RMN) are used to complete them. The result of this research is
that the forecast error is the type of risk with the highest level. The source
of the risk, which must be a priority for the company, is that suppliers do
not ship the goods on time. The most appropriate risk mitigation strategy is
to add manufacturer options to overcome these risks. The results show that
the methods used help top management identify, analyze, prioritize risks in
the company’s supply chain activities and help them to focus on
formulating effective mitigation strategies

 


Dr. Sambudi Hamali, S.T, M.M, CPLM (2021). Risk Analysis and Mitigation in Supply Chain Fashion Company. , .doi:DOI: 10.1109/ICCED53389.2021.9664835
Keyword
Interpretive Structural Modelling , Mitigation Risk , Risk Mitigation Number , Risk Priority Number , Supply Chain Risk
DOI
DOI: 10.1109/ICCED53389.2021.9664835