Managing uncertainty in supply chain management of vessel chartering in oil & gas industry
Uncertainty is a condition that needs to be dealt with by Supply Chain Management (SCM) in many organization. The factors that contributed to the uncertainty have to be understood in order to manage it in the best and practical ways. Uncertainty in an Oil & Gas firm propagates through the supply...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Trans Tech Publications
2014
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| Online Access: | http://psasir.upm.edu.my/id/eprint/34438/ http://psasir.upm.edu.my/id/eprint/34438/1/Managing%20uncertainty%20in%20supply%20chain%20management%20of%20vessel%20chartering%20in%20oil%20%26%20gas%20industry.pdf |
| _version_ | 1848847772721086464 |
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| author | Menhat, Masha Nur Salsabiela Mohd Ariffin, Mohd Khairol Anuar Sulaiman, Shamsuddin Tang, Sai Hong |
| author_facet | Menhat, Masha Nur Salsabiela Mohd Ariffin, Mohd Khairol Anuar Sulaiman, Shamsuddin Tang, Sai Hong |
| author_sort | Menhat, Masha Nur Salsabiela |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | Uncertainty is a condition that needs to be dealt with by Supply Chain Management (SCM) in many organization. The factors that contributed to the uncertainty have to be understood in order to manage it in the best and practical ways. Uncertainty in an Oil & Gas firm propagates through the supply chain network including vessel sourcing activities that involved offshore transportation and installation activities. It is important to have a sustainable and reliable vessel supply in supporting offshore activities. Therefore, this paper presents the analysis of uncertainty in supply chain management process of vessels in the Oil & Gas Industry. This research is conducted by analysing quantitative data from vessel sourcing database focuses on uncertainty recorded from January to August 2012. It has been found that, the major causes of uncertainty is due to the unavailability of vessel with 51% of causes of uncertainty recorded. This is due to the increment of vessel utilization from year 2011 to 2012. However the uncertainty can be appropriately managed by implementing product departmentalization instead of customer departmentalization which is currently practiced by the firm under study. It can be concluded that, there are four factors that contributed to uncertainty which are vessels availability, project management plan, project requirement, and vendor reliability. |
| first_indexed | 2025-11-15T09:23:55Z |
| format | Article |
| id | upm-34438 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T09:23:55Z |
| publishDate | 2014 |
| publisher | Trans Tech Publications |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-344382016-09-15T08:23:45Z http://psasir.upm.edu.my/id/eprint/34438/ Managing uncertainty in supply chain management of vessel chartering in oil & gas industry Menhat, Masha Nur Salsabiela Mohd Ariffin, Mohd Khairol Anuar Sulaiman, Shamsuddin Tang, Sai Hong Uncertainty is a condition that needs to be dealt with by Supply Chain Management (SCM) in many organization. The factors that contributed to the uncertainty have to be understood in order to manage it in the best and practical ways. Uncertainty in an Oil & Gas firm propagates through the supply chain network including vessel sourcing activities that involved offshore transportation and installation activities. It is important to have a sustainable and reliable vessel supply in supporting offshore activities. Therefore, this paper presents the analysis of uncertainty in supply chain management process of vessels in the Oil & Gas Industry. This research is conducted by analysing quantitative data from vessel sourcing database focuses on uncertainty recorded from January to August 2012. It has been found that, the major causes of uncertainty is due to the unavailability of vessel with 51% of causes of uncertainty recorded. This is due to the increment of vessel utilization from year 2011 to 2012. However the uncertainty can be appropriately managed by implementing product departmentalization instead of customer departmentalization which is currently practiced by the firm under study. It can be concluded that, there are four factors that contributed to uncertainty which are vessels availability, project management plan, project requirement, and vendor reliability. Trans Tech Publications 2014 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/34438/1/Managing%20uncertainty%20in%20supply%20chain%20management%20of%20vessel%20chartering%20in%20oil%20%26%20gas%20industry.pdf Menhat, Masha Nur Salsabiela and Mohd Ariffin, Mohd Khairol Anuar and Sulaiman, Shamsuddin and Tang, Sai Hong (2014) Managing uncertainty in supply chain management of vessel chartering in oil & gas industry. Applied Mechanics and Materials, 564. pp. 694-699. ISSN 1660-9336; ESSN: 1662-7482 http://www.scientific.net/AMM.564.694 10.4028/www.scientific.net/AMM.564.694 |
| spellingShingle | Menhat, Masha Nur Salsabiela Mohd Ariffin, Mohd Khairol Anuar Sulaiman, Shamsuddin Tang, Sai Hong Managing uncertainty in supply chain management of vessel chartering in oil & gas industry |
| title | Managing uncertainty in supply chain management of vessel chartering in oil & gas industry |
| title_full | Managing uncertainty in supply chain management of vessel chartering in oil & gas industry |
| title_fullStr | Managing uncertainty in supply chain management of vessel chartering in oil & gas industry |
| title_full_unstemmed | Managing uncertainty in supply chain management of vessel chartering in oil & gas industry |
| title_short | Managing uncertainty in supply chain management of vessel chartering in oil & gas industry |
| title_sort | managing uncertainty in supply chain management of vessel chartering in oil & gas industry |
| url | http://psasir.upm.edu.my/id/eprint/34438/ http://psasir.upm.edu.my/id/eprint/34438/ http://psasir.upm.edu.my/id/eprint/34438/ http://psasir.upm.edu.my/id/eprint/34438/1/Managing%20uncertainty%20in%20supply%20chain%20management%20of%20vessel%20chartering%20in%20oil%20%26%20gas%20industry.pdf |