Supply Chain Management of Garments Industry of Bangledesh a Case Study on Maksons Spinning Mills Ltd.
I. Introduction
1.1 Introduction.
Supply chain management seeks to synchronize a firm’s processes and those of its suppliers to match the flow of materials, services, and information with customer demand. Supply-chain management has strategic implications because the supply system can be used to achieve important competitive priorities.
It also involves the coordination of key processes in the firm such as order placement, order fulfillment, and purchasing, which are supported by marketing, finance, engineering, information systems, operations, and logistics. We begin by taking a bird’s eye view of supply chain management, focusing on it implies actions for manufacturers and service providers. We then describe how companies manage their customer and supplier interfaces. Next, we discuss the important operating and financial measures of supply chain performance, followed by a comparison of supply chain designs and their strategic implications. We conclude with discussions of the dynamics of supply chains and supply chain management.
1.2 Rationale of the study.
We believe that the analysis, findings and recommendations will be helpful for Maksons Spinning Mills Ltd. to effectively utilize the benefit of supply chain management & increase the efficiency and effectiveness of their current operations. The use of these tools enables the textile industries to greatly increase its profitability because it is able to match supply and demand in a much more coordinated fashion.
1.3 Objective of the study.
The major purpose of this project aims to develop an appropriate quality yarn manufacturing to turn out quality fabric for direct export and export linkage to Ready-made garments industry of the country.
Other objectives of the study are; • Achieving a realistic idea that how the system working in spinning industries • To understand the importance of supply chain management in the spinning industries • To define the nature of supply chain
1.1 Introduction.
Supply chain management seeks to synchronize a firm’s processes and those of its suppliers to match the flow of materials, services, and information with customer demand. Supply-chain management has strategic implications because the supply system can be used to achieve important competitive priorities.
It also involves the coordination of key processes in the firm such as order placement, order fulfillment, and purchasing, which are supported by marketing, finance, engineering, information systems, operations, and logistics. We begin by taking a bird’s eye view of supply chain management, focusing on it implies actions for manufacturers and service providers. We then describe how companies manage their customer and supplier interfaces. Next, we discuss the important operating and financial measures of supply chain performance, followed by a comparison of supply chain designs and their strategic implications. We conclude with discussions of the dynamics of supply chains and supply chain management.
1.2 Rationale of the study.
We believe that the analysis, findings and recommendations will be helpful for Maksons Spinning Mills Ltd. to effectively utilize the benefit of supply chain management & increase the efficiency and effectiveness of their current operations. The use of these tools enables the textile industries to greatly increase its profitability because it is able to match supply and demand in a much more coordinated fashion.
1.3 Objective of the study.
The major purpose of this project aims to develop an appropriate quality yarn manufacturing to turn out quality fabric for direct export and export linkage to Ready-made garments industry of the country.
Other objectives of the study are; • Achieving a realistic idea that how the system working in spinning industries • To understand the importance of supply chain management in the spinning industries • To define the nature of supply chain
References: • Krajewski and Ritzman, Operations Management- strategy and analysis, 6th Edition • Sunil Chopra, and Peter Meindl, Supply Chain Management- strategy, planning and operation, 2nd Edition • Khan & jain(2004), Financial Management-text & Problem,3rd edition, p.g 4.1-4.57 • Prospectus of MSML, published on 18 September-2008 ♣ http://www.itwm.fraunhofer.de/zentral/download/berichte/bericht26.pdf. ♣ http://bgmea.com.bd/index.php?option=com_content&task=view&id=12&Itemid=26 ♣ http://maksonsgroupbd.com/prospectus ♣ http://66.102.1.104/scholar?hl=en&lr=&q=cache:OKTGNo7eptwJ:unnayan.org/Solidarity_Forum/Spinning_the_Chain_Lost_in_the_Queue.pdf+spinning+sector+of+Bangladesh