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Using FMEA for Supply Chain
Risk Management
INTRODUCTION
A key component of reducing overall corporate risk is supply chain risk
management (SCRM) (Hauser 2003; VanderBok, Sauter, Bryan, & Horan
2007). Proactive SCRM can lead to greater customer satisfaction, lower
total costs, improved delivery performance, and higher quality outcomes
(Sodhi, Son, & Tang 2012). ere is currently no obvious single applica-
tion for managing supply chain risks. Most rms are using existing supply
chain applications for managing risk (Zsidisin 2003a,b). In the absence of
risk management applications, these rms are building risk considerations
into traditiona ...