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  • Findings - : Supply-Chain-Risk

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    Karan
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    The document outlines the seven steps to completing a Failure Mode and Effects Analysis (FMEA) to manage supply chain risk: 1) identify risk categories, 2) identify potential risks, 3) rate the opportunity, probability, and severity of each risk, 4) calculate the Risk Priority Number (RPN) for each risk, 5) analyze risks by RPN using techniques like Pareto distribution, 6) develop actions to mitigate high RPN risks, and 7) reassess risks with another FMEA cycle.

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    Findings

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    The document outlines the seven steps to completing a Failure Mode and Effects Analysis (FMEA) to manage supply chain risk: 1) identify risk categories, 2) identify potential risks, 3) rate the opportunity, probability, and severity of each risk, 4) calculate the Risk Priority Number (RPN) for each risk, 5) analyze risks by RPN using techniques like Pareto distribution, 6) develop actions to mitigate high RPN risks, and 7) reassess risks with another FMEA cycle.

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    © All Rights Reserved
    Download as ODT, PDF, TXT or read online from Scribd
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    10 views2 pages

    Findings - : Supply-Chain-Risk

    Uploaded by

    Karan
    The document outlines the seven steps to completing a Failure Mode and Effects Analysis (FMEA) to manage supply chain risk: 1) identify risk categories, 2) identify potential risks, 3) rate the opportunity, probability, and severity of each risk, 4) calculate the Risk Priority Number (RPN) for each risk, 5) analyze risks by RPN using techniques like Pareto distribution, 6) develop actions to mitigate high RPN risks, and 7) reassess risks with another FMEA cycle.

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    © All Rights Reserved
    Download as ODT, PDF, TXT or read online from Scribd
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    of 2

    Findings -

    FMEA
    https://www.industrystarsolutions.com/blog/2018/07/fmea-manage-
    supply-chain-risk/

    Risk categorisation is very important.


    Different companies have different risks it is important to categorise
    risk.

    The seven steps involved in completing an FMEA are as follows:

    1.  Identify risk categories

    2.  Identify potential risks

    3.  Rate the opportunity, probability, and severity of each risk

    4.  Calculate the RPN for each risk

    5.  Analyze risks by RPN by using techniques such as a Pareto distribution.

    6.  Develop actions to mitigate risks with a high RPN

    7.  Reassess risks with another cycle of FMEA

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