| dc.description.abstract | Meghna Group of Industries (MGI) is a one of the largest Bangladeshi industrial conglomerates.
Fast moving consumer goods (FMCG) division is one of the biggest portion revenue earner
(2000 crore per year) of Meghna Group of Industries (MGI), which contributes to growth in
national economy of Bangladesh. To bring efficiency and effectiveness MGI established supply
chain management department in 2011. During that period supply chain management department
only control distribution. MGI represents a global enterprise and brand that houses more than
50,000 employees, 6,300 distributors and 15,000 suppliers under its umbrella and has an annual
turnover of approximately $2.8 billion. From 2013 procurement, inventory, production, planning,
distribution, depot management administer by supply chain management department, to
minimize the cost and maximize the profit. The secret to the success and vast expansion of MGI
has been diversification. The group has entered a broad array of different markets and industries
including Fast Moving Consumer Goods (FMCG), building materials, pulp and paper, LPG,
feeds, fiber, power plants, shipping, seeds crushing, chemicals, ship building, dockyard,
securities, insurance, media and aviation. The product range of MGI today is truly impressive
and the conglomerate markets most of its products under the recognizable brand names of
"Fresh", "No.1", "Actifit", "Pure" and "Meghnacem Deluxe". The result of this level of reach and
diversification has been that one in every two households in Bangladesh uses MGI products.
Internationally MGI has a substantial presence in the Middle East, Southeast Asia, Europe, South
Africa, and North and South America. As a result of this relentless process of expansion MGI
has become a powerful player within Bangladesh and has become the largest investor in relation
to industrial development in Bangladesh over the last few years. MGI became the first company
in Bangladesh to establish a private economic zone known as the "Meghna Economic Zone",
which has since been followed by the creation of two further economic zones, which are named ―Meghna Industrial Economic Zone‖ and ―Cumilla Economic Zone‖ respectively. The
conglomerate has expanded even further since this point, with an unprecedented investment of
$451 million in 2020 that has erected nine new industrial units within its multiple economic
zones. Throughout this process the unwavering commitment of its visionary leader, Mostafa
Kamal, has been pivotal for both the conglomerate and the Bangladeshi Economy. Renowned for
his entrepreneurial expertise and patriotism, Mostafa Kamal has played a key role in the
development of industry, healthcare, education, sports and social welfare in Bangladesh. The
integrity and dedication towards the group that he has played a vital part in the overall success of
MGI. To achieve its vision MGI gradually change their traditional system to upgrading system.
Though it is quite difficult to adapt the new system among the employee, they should train them
in where they are lack behind. In spite of lack behind in few areas, because of SCM they able to
provide superior value to their customer. SCM department did tremendous performance during
the unstable political situation. As an example for the period of hartal, strike they use rail and
cargo trailer to ensure smooth delivery process and instead of day they deliver product at night to
the party end from depot in 2013. Throughout the Bangladesh they established 11 depots under
SCM department and increase 67 % by value through increase sales order. In some cases if they
able to adapt with the change in SCM, then MGI SCM will be the model for Bangladeshi FMCG
Industry. | en_US |
