Risk Analysis in a General Warehouse using IEC 31010 Guidelines
Article Sidebar
Main Article Content
Abstract
The complexity, volatility, interconnectedness of systems, technology, and size of the supply chain bring about problems and risks associated with finance, reliability, environmental impact, failed strategies, etc. The mechanism to systematically analyze problems and risks will help executives or operators make decisions about risks correctly and responsibly for the organization. This article presents a risk assessment method (6 processes) and risk assessment tools from the British Standards Institution (BSI) to analyze and explain. A case study of a warehouse with sunk cost problems is used, employing cause-and-effect diagrams and Bow-shaped analysis diagrams. It was found that sunk costs were caused by inventory reserve, raw materials deterioration, incorrect counting of raw materials and products, and demand forecasts that are often wrong, which affects reduced cash flow and increased opportunity costs. The approach to solving the problem is to develop a database system, design new processes, set order quantity, track raw materials and products, find new funding, and find partners to produce certain products, respectively.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
ลิขสิทธิ์ของบทความ
ผลงานที่ได้รับการตีพิมพ์ถือเป็นลิขสิทธิ์ของมหาวิทยาลัยหอการค้าไทย ห้ามมิให้นำเนื้อหา ทัศนะ หรือข้อคิดเห็นใด ๆ ของผลงานไปทำซ้ำ ดัดแปลง หรือเผยแพร่ ไม่ว่าทั้งหมดหรือบางส่วนโดยไม่ได้รับอนุญาตเป็นลายลักษณ์อักษรจากมหาวิทยาลัยหอการค้าไทยก่อน
References
Aljabhan, B. (2023). Economic strategic plans with supply chain risk management (SCRM) for organizational growth and development. Alexandria Engineering Journal, 79, 411-426. doi:https://doi.org/10.1016/j.aej.2023.08.020
Babu, H., & Yadav, S. (2023). A supply chain risk assessment index for small and medium enterprises in post COVID-19 era. Supply Chain Analytics, 3, 100023. doi: 10.1016/j.sca.2023.100023
Dai, M., & Liu, L. (2020). Risk assessment of agricultural supermarket supply chain in big data environment. Sustainable Computing: Informatics and Systems, 28, 100420. doi:https://doi.org/10.1016/j.suscom.2020.100420
Ding, J., Weng, J., & Chou, C. (2023). Assessment of key risk factors in the cold chain logistics operations of container carriers using best worst method. International Journal of Refrigeration, 153, 116-126. doi: 10.1016/j.ijrefrig.2023.06.013
Glette-Iversen, I., Flage, R., & Aven, T. (2023). Extending and improving current frameworks for risk management and decision-making: A new approach for incorporating dynamic aspects of risk and uncertainty. Safety Science, 168, 106317. doi:https://doi.org/10.1016/j.ssci.2023.106317
Gonzalez, L. O., Santomil, P. D., & Herrera, A. T. (2020). The effect of Enterprise Risk Management on the risk and the performance of Spanish listed companies. European Research on Management and Business Economics, 26(3), 111-120. doi:https://doi.org/10.1016/j.iedeen.2020.08.002
Jemaa, F. (2022). Recoupling work beyond COSO: A longitudinal case study of enterprise-wide risk management. Accounting, Organizations and Society, 103, 101369. doi:https://doi.org/10.1016/j.aos.2022.101369
Li, B., Li, H., Ren, S., Liu, H., & Wang, G. (2023). Commodity supply risk assessment of China's copper industrial chain: The perspective of trade network. Resources Policy, 81, 103297. doi:https://doi.org/10.1016/j.resourpol.2023.103297
Minguito, G., & Banluta, J. (2023). Risk management in humanitarian supply chain based on FMEA and grey relational analysis. Socio-Economic Planning Sciences, 87, 101551. doi:https://doi.org/10.1016/j.seps.2023.101551
Mirvis, P. H., Googins, B. K., & Kinnicutt, S. (2010). Vision, mission, values: Guideposts to sustainability. Organizational Dynamic, 39(4), 316-324. doi: 10.1016/j.orgdyn.2010.07.006
Rossi, C. (2014). A risk professional survival guide: applied best practices in risk management. Wiley.
The International Electrotechnical Commission. (2019). Risk management – Risk assessment techniques (2nd ed.). IEC Central Office.
Wang, Q., Zhou, Q., Lin, J., Guo, S., She, Y., & Qu, S. (2024). Risk assessment of power outages to inter-regional supply chain networks in China. Applied Energy, 353, 122100. doi:https://doi.org/1.1016/j.apenergy.2023.122100