Proceedings of the International Conference on Intellectuals’ Global Responsibility (ICIGR 2022)

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DFMEA-Based Model for SMEs’ Risk Management

Authors
Isnaini Rodiyah1, *, Wiwik Sulistiyowati1, Ika Ratna Indra Astutik1
1Universitas Muhammadiyah Sidoarjo, Sidoarjo, Indonesia
*Corresponding author. Email: isnajusuf@gmail.com
Corresponding Author
Isnaini Rodiyah
Available Online 22 May 2023.
DOI
10.2991/978-2-38476-052-7_47How to use a DOI?
Keywords
Indonesian SMEs; Competitiveness; DFMEA; Risk Management; Enhancement
Abstract

This study aims to develop a risk management assessment model for Small and Medium-Sized Enterprises (SMEs) in Indonesia based on the ISO 31000 concept and Design Failure Mode and Effect Analysis (DFMEA). The research used a qualitative approach and descriptive analysis to identify, analyze, evaluate, and treat hazards in SMEs. The results show that the model consists of four steps: risk identification, risk analysis, risk evaluation, and risk treatment, using Risk Priority Number to quantify risk in four factors: raw material risk, production process risk, marketing process risk, capital risk, and legality risk. The findings suggest that SMEs could reduce failures and quality expenses by monitoring risk throughout the process and raising the quality of their goods to increase competitiveness. The implication of this study could support SMEs in implementing risk management to enhance their performance and contribute to the Indonesian economy.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Intellectuals’ Global Responsibility (ICIGR 2022)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
22 May 2023
ISBN
10.2991/978-2-38476-052-7_47
ISSN
2352-5398
DOI
10.2991/978-2-38476-052-7_47How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Isnaini Rodiyah
AU  - Wiwik Sulistiyowati
AU  - Ika Ratna Indra Astutik
PY  - 2023
DA  - 2023/05/22
TI  - DFMEA-Based Model for SMEs’ Risk Management
BT  - Proceedings of the International Conference on Intellectuals’ Global Responsibility (ICIGR 2022)
PB  - Atlantis Press
SP  - 426
EP  - 435
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-052-7_47
DO  - 10.2991/978-2-38476-052-7_47
ID  - Rodiyah2023
ER  -