{"id":16527,"date":"2022-10-17T07:44:24","date_gmt":"2022-10-17T11:44:24","guid":{"rendered":"https:\/\/www.certitrek.com\/nlpa\/?p=16527"},"modified":"2025-06-24T09:12:16","modified_gmt":"2025-06-24T13:12:16","slug":"how-to-benefit-and-reduce-cost-by-improving-your-risk-disruption-processes","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nlpa\/blog\/how-to-benefit-and-reduce-cost-by-improving-your-risk-disruption-processes\/","title":{"rendered":"How to Benefit and Reduce Cost by Improving Your Risk &amp; Disruption Processes"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">Continuous Improvement and Risk Management Systems have long been essential to realizing supply chain and organizational success. This is especially true at a time when organizations are preoccupied with ensuring reliable supply lines, cost reduction, risk mitigation, business continuity, and so on.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Procurement professionals are evaluated on their ability to control costs, manage supplier risk, enforce environmental policies, and spend ethically. However, these aren&#8217;t the only criteria that make up an effective risk management strategy. Likewise, there has been reflection and examination of such systems since the advent of COVID-19 and its impacts on supply lines. In fact, many supply leaders still struggle with integrating, combining, and leveraging systems to manage risk, reduce supply disruption and their Total Cost to Serve. Companies like  have emphasized digital risk frameworks as part of their evolving procurement infrastructure.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This post examines methods to improve supply reliability, resilience, reduce cost, and mitigate disruption.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Let&#8217;s look at the PDCA, FMEA, and DARE models to improve risk management systems. We will then explore combining them with Best Practices to realize the mentioned objectives.<\/span><\/p>\n<h5><strong><u><span data-preserver-spaces=\"true\">PDCA<\/span><\/u><\/strong><\/h5>\n<p><span data-preserver-spaces=\"true\">PDCA stands for:\u00a0<\/span><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Plan\u00a0<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Do<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Check<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Act<\/span><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">PDCA is a proven model for continuously improving processes, supply chains and organizations. It is one of the favorite improvement frameworks of Toyota and is credited with much of the company&#8217;s success.\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/span><\/p>\n<p>According to ASQ, the American Society of Quality, PDCA entails the following steps:<\/p>\n<ul>\n<li><strong><span data-preserver-spaces=\"true\">Plan &#8211;<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0Recognizing an opportunity and planning a supply chain improvement or cost reduction without compromising your organization&#8217;s quality or service level agreements.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Do &#8211;\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">Test the change. Carry out a small-scale study.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Check &#8211; <\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0Review the test, analyze the results, and identify what you have learned.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Act &#8211; <\/span><\/strong><span data-preserver-spaces=\"true\">Take action based on what you learned in the study step. If the change does not work, go through the cycle again with a different plan. If successful, incorporate what you learned from the test into broader changes. Use what you learned to plan new improvements, beginning the cycle again.<\/span><\/li>\n<\/ul>\n<h5><strong><u><span data-preserver-spaces=\"true\">FMEA<\/span><\/u><\/strong><span data-preserver-spaces=\"true\">\u00a0<\/span><\/h5>\n<p><span data-preserver-spaces=\"true\">FMEA stands for Failure Modes and Effects Analysis. A powerful methodology for business leaders, FMEA is an effective tool in to ensure we think through, understand, and prioritize sustainable strategic responses to issues that negatively impact our organizations.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It is prudent to conclude that not all business problems are equal. FMEA is underpinned by a problem&#8217;s Risk Priority Number (RPN) on a scale of 1 to 10.\u00a0<\/span><\/p>\n<blockquote><p><em><span data-preserver-spaces=\"true\">The formula for RPN is S x O x D, where S = Severity O = Occurrence D = Detection. <\/span><\/em><\/p>\n<p><em><span data-preserver-spaces=\"true\">We will designate RPN&#8217;s as S-RPN&#8217;s or Supply Risk Priority Numbers for our purposes. The higher the S-RPN the higher supply line risk, while the lower the S-RPN the lower the supply line risk. This method has recently gained attention from agile platforms like , which apply risk-based models to optimize vendor performance.<\/span><\/em><\/p><\/blockquote>\n<h5><strong><u><span data-preserver-spaces=\"true\">DARE<\/span><\/u><\/strong><span data-preserver-spaces=\"true\">\u00a0<\/span><\/h5>\n<p><span data-preserver-spaces=\"true\">DARE stands for Design for Agile Resilient Efficiency. The DARE Model enables the removal or reduction of system waste, non-value-add elements, and complexity. Designed to reduce the total cost to serve radically and the total cost of ownership,<\/span><strong><em><span data-preserver-spaces=\"true\">\u00a0<\/span><\/em><\/strong><span data-preserver-spaces=\"true\">it is a driver of simplicity and operational cohesiveness. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Once challenges have been identified and run through either the PDCA or DMAIC Problem Solving Model, you will realize significant cost reduction and innovation. We did a prior article on the DARE Model but will provide additional perspective on combining the model with FMEA processes.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The DARE incorporates the PDCA Model once opportunities for supply chain improvement and cost reduction are identified.\u00a0<\/span><\/p>\n<h5><strong><span data-preserver-spaces=\"true\">Implementing the DARE Model <\/span><\/strong><\/h5>\n<p>Here&#8217;s how you may implement the mode:<\/p>\n<ul>\n<li><strong><span data-preserver-spaces=\"true\">Step 1:<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0Examine your performance from its Profit and Loss Statement, Cash Flow Statement, and Cash-to-Cash Cycle Time Report.\u00a0<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Step 2:<\/span><\/strong><span data-preserver-spaces=\"true\"> Select opportunities from the DOWNTIME categories, Six Big Loss categories, and VUCA Categories.\u00a0<\/span><\/li>\n<\/ul>\n<p><strong><u><span data-preserver-spaces=\"true\">Note:<\/span><\/u><\/strong><span data-preserver-spaces=\"true\">\u00a0Add the FMEA process here to determine S-RPN&#8217;s Risk Priority Numbers for these categories.<\/span><\/p>\n<ul>\n<li><strong><span data-preserver-spaces=\"true\">Step 3:<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0Develop projects using either the PDCA or DMAIC Model to improve the situation.\u00a0<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Step 4:<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0Compare the Profit and Loss Statement, Cash Flow Statement, and Cash to Cash Cycle Time Report after improvement to the original reports.\u00a0<\/span><\/li>\n<\/ul>\n<p><strong><u><span data-preserver-spaces=\"true\">Note:<\/span><\/u><\/strong><span data-preserver-spaces=\"true\">\u00a0Determine S-RPN&#8217;s after improvements(they should be significantly lower)<\/span><\/p>\n<ul>\n<li><strong><span data-preserver-spaces=\"true\">Step 5:<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0Determine the degree of gap closure.\u00a0<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Step 6:<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0Repeat this process.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.certitrek.com\/nlpa\/individuals\/membership\/\">Become a member of one of the world\u2019s largest procurement associations today.<\/a><\/p>\n<h5><strong>Recommended Reading<\/strong><\/h5>\n<ul>\n<li><a href=\"https:\/\/www.certitrek.com\/nlpa\/blog\/resilient-supply-operational-chains-design-agile-resilient-efficiency\/\">Resilient Supply and Operational Chains through Design for Agile Resilient Efficiency (D.A.R.E)<\/a><\/li>\n<li><a href=\"https:\/\/lms.nextlevelpurchasing.com\/\">The Next Frontier in Procurement Transformation<\/a><\/li>\n<li><a href=\"https:\/\/lms.nextlevelpurchasing.com\/\">The Pain Points of a Procurement Manager<\/a><\/li>\n<li><a href=\"https:\/\/lms.nextlevelpurchasing.com\/\">The Ripple Effects of the Coronavirus<\/a><\/li>\n<li><a href=\"https:\/\/lms.nextlevelpurchasing.com\/\">Top Procurement Challenges Facing Businesses Today<\/a><\/li>\n<li><a href=\"https:\/\/lms.nextlevelpurchasing.com\/\">Vendor Risk Management<\/a><\/li>\n<li><a href=\"https:\/\/lms.nextlevelpurchasing.com\/\">Why Procurement Projects Fail<\/a><\/li>\n<li><a href=\"https:\/\/www.certitrek.com\/nlpa\/blog\/the-importance-of-supply-chain-visibility-for-procurement\/\">The Importance of Supply Chain Visibility for Procurement<\/a><\/li>\n<li><a href=\"https:\/\/www.certitrek.com\/nlpa\/blog\/how-to-correct-poor-supplier-performance\/\">How to Correct Poor Supplier Performance<\/a><\/li>\n<\/ul>\n<p>Visit\u00a0<a href=\"https:\/\/lms.nextlevelpurchasing.com\/\"><strong>NLPA Learning<\/strong><\/a>, the new home to all of our certifications and online courses. NLPA Learning also includes learning resources, including live and on-demand webinars, publications and reports, articles, templates, white papers, and much more!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Continuous Improvement and Risk Management Systems have long been essential [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":16530,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[95,22,103],"tags":[190,191,195,189,192,196,194,188,193],"class_list":["post-16527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement-operations-management","category-procurement-processes","category-risk-management","tag-dare-model","tag-fmea","tag-mitigating-disruption","tag-organizational-success","tag-pdca","tag-reducing-cost","tag-resilience","tag-risk-management-systems","tag-supply-reliability"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v19.13) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Benefit and Reduce Cost by Improving Your Risk &amp; 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