| dc.description.abstract | Readymade Garment (RMG) industry is the prime foreign earning source of
Bangladesh. The efficient implementation of Supply Chain Management (SCM) is imperative
for this industry to remain competitive in the global market. Bangladesh is struggling with
meeting customer lead time, quality improvement, and high productivity compared to other
RMG producing nations of the world. However, there are few studies conducted on the
evaluation of SCM efficiency of the RMG industry. This industry experienced few setbacks
relating to building collapse and fire incident in the recent past for which compliance issues
became heightened. The country has no other alternative but implementing efficient SCM in
order to achieve the desired export goal of US$ 50 billion by 2021. This study employs both
qualitative and quantitative methods for evaluating the efficiency of SCM of RMG industry
of Bangladesh. Supply Chain Operations Reference Model (SCOR), a measure of supply
chain e f f i c i e n c y , identifies that the level of SCM efficiency in RMG industry is
unsatisfactory. This study provides a model for measuring SCM efficiency with eight latent
factors and finds that production cost adherence is the prime factor affecting SCM efficiency.
It is also found that RMG companies are reluctant in training their workforce and not very
interested in trying with newer designs of product. In addition, it has been identified that
buyers are giving more importance on lead time reduction followed by timely shipment and
cost minimization. On the other hand, the level of collaborative planning practice in RMG
industry is not also satisfactory. In analysis of efficient SCM implementation, lack of
workplace safety is recognized as the most important barrier for efficient implementation of
SCM in RMG industry of Bangladesh. In analysis it is also found that all the operational
dimensions of SCM efficiency are linked with one another and thus, companies need to
improve all dimensions for the improvement of SCM efficiency in this sector.
Keywords: Supply Chain Management, SCOR, Efficiency, RMG, Competitiveness | en_US |
