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The Difference Between Logistics and Supply Chain Management (SCM)What is Supply Chain Management?Supply chain managemen...
10/10/2023

The Difference Between Logistics and Supply Chain Management (SCM)

What is Supply Chain Management?

Supply chain management is the planning and ex*****on of all processes involved in a product's entire journey through a business. So, this includes the purchasing of raw materials and their journey into the company. Then they are manufactured into a product and distribution into the hands of the consumer.

Supply chain management also includes the planning of this journey, before making any purchase and continuous analysis of the whole process for potential improvements.

What is Logistics Management?

Logistics is the transportation of all raw materials and products within a business. It includes managing any storage, facilities, equipment, and personnel required to get materials between set points along a supply chain.

How Supply Chain Management is Different from Logistics

Let us look at a pen manufacturing company as an example to understand the key differences and similarities between both terms.

Logistics would cover organizing the shipping of ink and plastic from suppliers to the manufacturing plant. Responding to disruption along the routes when it appears. Ensuring there is a continuous flow of these raw materials into the plant and staff are in the right place at the right time to load, unload and manufacture. Then booking warehouse space to store finished pens. Before arranging their distribution to chosen sales markets, including completing relevant customs documentation.

Supply chain management would cover all that, plus additional business critical decisions. Such as, where to source the ink and plastic for the product. Assessing whether there is a better transport method to use. Making sure the company has enough qualified personnel and the right machines on site to move and manufacture pens. Evaluating whether the best commodity code is being used.

Then packaging up and choosing where to store the finished pens until distribution to the chosen target market. Finally, assessing the transportation method used for their distribution.

Continually weighing up the positives and negatives of all these tiny steps to maximize returns, is where supply chain management is different to logistics. Always analyzing for inefficiencies.

Could we source plastic from closer to our manufacturing plant? Are we utilizing all our factory space? Is our transportation as eco-friendly as it could be? Can we get a cheaper storage rate elsewhere? Could we slimline our storage and distribute pens immediately? Are there any changes that could be made to the customs declaration which could save time?

All those big, analytical decisions fall under supply chain management, but outside logistics, which is only the day-to-day management.

Myanmar rice aimed for Bangladesh market under G-to-G pactBangladesh has proposed to purchase Myanmar’s rice on account ...
26/08/2023

Myanmar rice aimed for Bangladesh market under G-to-G pact

Bangladesh has proposed to purchase Myanmar’s rice on account of good quality under the government-to-government agreement this year, according to the Myanmar Trade Promotion Organization.
Bangladesh’s Ministry of Food bought Myanmar’s rice last year and good quality appealed to them to buy it again this year. Bangladesh will sign rice deals by setting prices depending on the grain quality.
“Bangladesh is expected to make a contract again this year. If they send the government contract proposal through diplomatic channels, we will engage in the bilateral negotiation to achieve the agreement,” Naw Mutakapaw, director general of the Myanmar Trade Promotion Organization.
To negotiate the price depending on global rice prices, Myanmar’s rice market and foreign exchange rate and monetary policies, and sign a sale and purchase rice contract between Myanmar and Bangladesh, officials of the Myanmar Rice Federation have planned to go to Bangladesh in mid-September.
The coordination meeting for signing the sale and purchase rice contract between Myanmar and Bangladesh was held virtually in the third week of August, with the presence of officials from the Myanmar Trade Promotion Organization, Bangladesh’s Ministry of Food and the Myanmar Rice Federation.
Following India’s ban on rice export, the global rice prices are soaring. Thus, Asian countries are eyeing Myanmar’s rice and the Indonesian National Logistic Agency Bulog is also observing to buy Myanmar’s rice. — ASH/EM

🇮🇳 Happy 77th Independence Day India! 🇮🇳At Eka Infra Consultants, we take pride in contributing to the growth of our gre...
15/08/2023

🇮🇳 Happy 77th Independence Day India! 🇮🇳
At Eka Infra Consultants, we take pride in contributing to the growth of our great nation. As we celebrate this day, we remember the sacrifices made by our forefathers and the rich legacy they left behind.
May the spirit of freedom and resilience continue to guide us, and may our infrastructure initiatives help pave the way for a brighter and more connected future for all Indians.
Jai Hind! 🌟

Myanmar ships 3,000+ MTs of shrimp to international markets in last four monthsMyanmar exported over 3,000 metric tons o...
10/08/2023

Myanmar ships 3,000+ MTs of shrimp to international markets in last four months

Myanmar exported over 3,000 metric tons of shrimp to global markets in the past four months, according to the Department of Fisheries.
Myanmar’s seaborne shrimp export was estimated at 2,859.032 tonnes worth US$10.847 million and border saw exports of 353.297 tonnes worth $1.866 million between 1 April and 31 July of the current financial year 2023-2024, totalling 3,212.329 tonnes worth $12. 713 million.
The shrimp exports dropped compared to that of the year-ago period. Myanmar sent 4,545.728 tonnes worth $16.556 million by sea and 340.924 tonnes worth $1.555 tonnes via border in the corresponding period last FY, reaching 4,886.652 tonnes worth $18.111 million.
Myanmar delivers fishery products including fish and shrimps to neighbouring countries (China and Thailand) through Muse, Myawady, Kawthoung, Myeik, Mawtaung, Maungtaw and Kenglek border posts. Myanmar ships them to Japan and European countries via maritime trade.
There are 480,000 fish and shrimp farms and over 120 cold storage facilities across Myanmar, fish breeders said.
Myanmar’s fishery export has returned to normalcy. Yet the export volume still declines compared to that in the pre-coronavirus period. — TWA/EM

Myanmar’s first wind power project cooperation signed, new step under BRIThis matters because...A deal for Myanmar’s fir...
07/08/2023

Myanmar’s first wind power project cooperation signed, new step under BRI

This matters because...A deal for Myanmar’s first wind power project with the participation of a Chinese energy infrastructure company was signed on Wednesday, a major step in bilateral new-energy cooperation, the Chinese Embassy in Myanmar said in a statement released on Thursday.

The two countries see a trend of project facilitation in tapping energy shortages in the region under the Belt and Road Initiative (BRI).

The signing ceremony between Myanmar’s Ministry of Electric Power (MOEP) and Consortium of Yunnan Machinery & Equipment Import & Export Co took place in Nay Pyi Taw, capital of Myanmar, on Wednesday. The deal covers three wind power projects – a 150-megawatt project in Ann, a 100-megawatt project in Gwa and a 110-megawatt project in Thandwe in Rakhine state.

Chinese companies are promoting cooperation projects in responding to power shortages in Myanmar and achieving the Southeast Asian country’s goal of nationwide electrification by 2030. Myanmar is rich in water, solar, wind, gas and other power resources, and power cooperation between China and Myanmar is highly complementary, he noted.

The agreement signed on Wednesday is an important part of the China-Myanmar promotion of the BRI and the construction of economic corridors, Chen said.

Union Minister for Electric Power of Myanmar U Thaung Han also attended the event.

Myanmar has been experiencing power shortages, with intermittent outages reportedly occurring in some places.

Half of the 10.88 million households in Myanmar lack electricity, and more than 43,000 villages are not connected to the national grid, the People’s Daily reported in January 2020.

The situation has improved significantly in recent years, but gaps persist.

As part of the BRI and the China-Myanmar Economic Corridor (CMEC) that underpins connectivity between the two countries, the new cooperation will make full use of China’s advanced technology capabilities and rich experience in building energy projects overseas, particularly in countries along the BRI, Liu Zongyi, secretary-general of the Research Center for China-South Asia Cooperation at the Shanghai Institutes for International Studies, told the Global Times on Thursday.

Green energy projects will alleviate the energy shortage of the Southeast Asian country while helping the region along the path toward a green energy transformation, Liu said.

Myanmar’s first 100-megabyte photovoltaic power generation project, the Jingda Sub-project, funded and developed by Power Construction Corp of China, was connected to the grid on January 18.

The photovoltaic project group in central Myanmar has five sub-projects, with a grid-connected capacity of 160 megawatts and annual power generation of 342 million kilowatt-hours.

After the military coup d'etat, the economic sector has been facing a steady decline, exacerbated by the departure of fo...
06/08/2023

After the military coup d'etat, the economic sector has been facing a steady decline, exacerbated by the departure of foreign investments, leading to a steep increase in commodity prices.

Urban residents have voiced concerns over the escalating cost of goods, attributing it to the Military Council's decision to issue a new 20,000 banknote.

As a result of the soaring prices of daily essentials, the average basic salary is proving insufficient to cope with the financial strain. In Yangon, mere days after the announcement of the 20,000 banknote issuance, the price of a bag of Shwe Bo Paw Hsan Hmwe Rice surged from 100,000 Kyat to 120,000 Kyat, while a bag of broken rice saw an increase from 55,000 Kyat to 80,000 Kyat.

Furthermore, edible oil prices in the market currently vary from 8,500 Kyat to 10,000 Kyat per viss (1 viss = 1.68 kg), as reported by edible oil shops. The Myanmar Edible Oil Dealer Association has enforced a reference price of 4,500 Kyat per viss, which is nearly double the price gap compared to the prevailing actual market prices.

An anonymous employee from Yangon said he was unable to save extra money due to high commodity prices.

“I’m an employee working at a normal company. Since my monthly income is around 5 - 6 lakhs, it seems as if I cannot keep up with the current commodity prices. Now, the issue of 20,000 Kyat increases the prices. If I take away about one lakh for a bag of rice and rent fees, there is almost nothing remained from my monthly salary. Not to mention my health savings, since I have a big family, I am struggling very hard not to have debt. It is not proportional to the income as the daily essential commodities such as rice, oil, and salt become three or four times more expensive than in the past. Nowadays, it seems as if every family member needs to work. It would get worse if they rely only on me.”

Moreover, the dollar and gold prices are also trending upwards. Currently, one US dollar costs around 3,400 Kyat in the external market, while it was only about 1,300 Kyat per dollar before the coup. The price of gold is now 3,500,000 Kyat per tical (1 tical=16.3 g), which represents an increase of approximately 119 percent compared to the pre-coup price of around 1,600,000 Kyat per tical.

“As the dollar price is escalating, the raw material prices also increase. One raw material price at present equals the price of two or three materials before. We cannot buy every time we want. We need to buy many at once as we are afraid of going out of stock. As raw material prices go up, so does the resale price. Thus, not many people are buying, so sometimes we are at a loss. Yes, we are trying hard for a living,” said a bakery businessman.

Since 2020 during the COVID-19 pandemic, Myanmar had been heading toward economic decline. And, after the coup, the economic situation has seriously worsened. The companies and factories are facing difficulties in operating, so they are trying to maintain the status quo by reducing the number of staff and wages. The decrease in wages and the increase in commodity prices cause an imbalance. The Myanmar civilians are facing the impact of rising commodity prices currently.

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