REVIEW OF CURRENT SUPPLY CHAIN MANAGEMENT PRACTICES IN MYANMAR HEAVY EQUIPMENT MACHINERY INDUSTRY

Authors

  • Pyi Kyaw Soe Faculty of Business and Accountancy, Lincoln University College, Malaysia
  • Abhijit Ghosh Faculty of Business and Accountancy, Lincoln University College, Malaysia
  • Amiya Bhaumik Faculty of Business and Accountancy, Lincoln University College, Malaysia
  • Midhun Chakravarthy Faculty of Business and Accountancy, Lincoln University College, Malaysia

DOI:

https://doi.org/10.31674/ijrtbt.2022.v06i01.004

Abstract

Heavy equipment machinery industry means the industry of doing business with heavy duty vehicles, earth moving equipment and big power generators which are widely being using in infrastructure construction, agriculture, mining, oil and gas fields, power plant projects and manufacturing factories. Heavy equipment machines are essentially required and vital role in construction and production to be done in a shorter time, low cost, and massive amount of production. In Myanmar, Heavy equipment machines and spare parts were not able to produce, and such kind of products are importing from abroad. Therefore, supply chain management (SCM) process is main characteristics, and performance of SCM process is playing as a critical role in Myanmar Heavy Equipment Machinery Industry (Myanmar HEMI). Purpose of this review paper is to present the current SCM practices of Myanmar heavy equipment machinery industry and applying of SCOR (Supply Chain Operation Reference) latest model SCOR 12.0, and to explore the strengths, weaknesses, opportunities, and threats to be developed the process of SCM in Myanmar HEMI. This paper has conducted review and evidence-based research design, and qualitative method for surveying authorized dealer organizations of worldwide market share top 10 brands in Myanmar HEMI. The results of this review paper stated that current SCM practices of Myanmar HEMI are reached to below SCOR 12.0 standard operation processes, and organizations within industry must learn more knowledge about SCM and benefits of applying SCM practices. This paper suggested that how to apply and implement the standard processes of SCOR 12.0 in Myanmar HEMI. Additionally, this paper introduced and recommended to apply SCM 4.0 version in near future, which is fully applied the Internet of Things (IoT), modern technologies, and digital based supply chain management latest model and it contributes for more benefits in competing and developing within Myanmar HEMI organizations.

Keywords:

Myanmar, Heavy Equipment Machinery Industry, Supply Chain Management, SCOR 12.0, SCM 4.0

Downloads

Download data is not yet available.

References

Chopra, S., Meindl, P., & Kalra, D. V. (2013). Supply Chain Management: Strategy, Planning, and Operation (Vol. 232). Boston, MA: Pearson. https://doi.org/10.1016/j.pursup.2013.07.003

Haider, M. & Mohailan, S. (2020). Supply Chain Operations Reference Model: An analytical study. International Journal of Research in Management, Economics and Commerce, 10(1), Page 10-18.

Holmström, J., & Partanen, J. (2014). Digital manufacturing-driven transformations of service supply chains for complex products. Supply Chain Management: An International Journal. https://doi.org/10.1108/SCM-10-2013-0387

Huang, J., & Shi, X. (2021). Solving the location problem of front distribution center for omni-channel retailing. Complex & Intelligent Systems, 1-12. https://doi.org/10.1007/s40747-020-00260-2

Hult, G. T. M., Craighead, C. W., & Ketchen, Jr, D. J. (2010). Risk uncertainty and supply chain decisions: a real options perspective. Decision Sciences, 41(3), 435-458. https://doi.org/10.1111/j.1540-5915.2010.00276.x

Japan International Corporation Agency. (2017). Opening Ceremony of Myanmar Automated Cargo Clearance System (MACCS), Press Release. JICA. https:// www.jica.go.jp/myanmar/english/office/topics/press170106.html

Jing, L. (2020). Multi-Brand Strategy Management of Product Visual Communication Design. Frontiers in Art Research, 2(4). https://doi.org/10.25236/FAR.2020.020404

Kleab, K. (2017). Important of supply chain management. International Journal of Scientific and Research Publications, 7(9), 397-400.

Kusrini, E., Caneca, V. I., Helia, V. N., & Miranda, S. (2019, December). Supply Chain Performance Measurement Using Supply Chain Operation Reference (SCOR) 12.0 Model: A Case Study in AA Leather SME in Indonesia. In IOP Conference Series: Materials Science and Engineering (Vol. 697, No. 1, p. 012023). IOP Publishing. https://doi.org/10.1088/1757-899X/697/1/012023

Liu, P., Huang, S. H., Mokasdar, A., Zhou, H., & Hou, L. (2014). The Impact of Additive Manufacturing in the Aircraft Spare Parts Supply Chain: Supply Chain Operation Reference (SCOR) Model-based Analysis. Production Planning & Control, 25(13-14), 1169-1181. https://doi.org/10.1080/09537287.2013.808835

LLamazares, O. (2020). Incoterms 2020: Main Changes. Global Negotiator. http://globalnegotiator.com/files/Incoterms-2020-changes.pdf

Myanmar Builders Guide. (2020). Industry News, Articles in What’s New. Builders Guide. https://buildersguide.com.mm/article/whats-new

Närhi, A. (2021). Collaborative partnerships in process improvement of import/export supply chains in retail and wholesale companies: case: Inex Partners and the Customs.

Perkins, B., White, S. K. & Wailgum, T. (2021). What is Supply Chain Management? Mastering Logistics End to End. CIO. https://www.cio.com/article/272353/what-is-supply-chain-management-mastering-logistics-end-to-end.html

Shaharudin, M. R., Govindan, K., Zailani, S., Tan, K. C., & Iranmanesh, M. (2017). Product return management: Linking product returns, closed-loop supply chain activities and the effectiveness of the reverse supply chains. Journal of Cleaner Production, 149, 1144-1156. http://dx.doi.org/10.1016/j.jclepro.2017.02.133

Shang, S., & Seddon, P. B. (2000). A comprehensive framework for classifying the benefits of ERP systems. AMCIS 2000 proceedings, 39. https://aisel.aisnet.org/amcis2000/39

Sharry, Z. (2018). Top Ten Heavy Equipment Manufacturers. ISeekPlant. https://blog.iseekplant.com.au/blog/top-ten-heavy-equipment-manufacturers

Shirk, S. (2019). History of the Heavy Equipment Industry. Custom Truck. https://www.customtruck.com/blog/history-of-the-heavy-equipment-industry/

Stölzle, W., Hofmann, E. & Oettmeier, K. (2017). Fokusstudie: Logistik und Supply Chain Management im Zeitalter der Digitalisierung. Logistikmarktstudie Schweiz (Band), GS1 Switzerland, Bern.

The World Factbook. (2021), Economic Overview, Economy. Central Intelligence Agency. https://www.cia.gov/the-world-factbook/countries/burma/#economy

Waaly, A. N., Ridwan, A. Y., & Akbar, M. D. (2018). Development of sustainable procurement monitoring system performance based on Supply Chain Reference Operation (SCOR) and Analytical Hierarchy Process (AHP) on leather tanning industry. In MATEC Web of Conferences (Vol. 204, p. 01008). EDP Sciences. https://doi.org/10.1051/matecconf/201820401008

Published

2022-01-01

How to Cite

Pyi Kyaw Soe, Abhijit Ghosh, Amiya Bhaumik, & Midhun Chakravarthy. (2022). REVIEW OF CURRENT SUPPLY CHAIN MANAGEMENT PRACTICES IN MYANMAR HEAVY EQUIPMENT MACHINERY INDUSTRY. International Journal on Recent Trends in Business and Tourism (IJRTBT), 6(1), 31-43. https://doi.org/10.31674/ijrtbt.2022.v06i01.004