Impact of Product Nature on Supply Chain in the Global Market: An Analysis of Bangladeshi RMG
Journal of Business and Economic Development
Volume 1, Issue 1, November 2016, Pages: 14-24
Received: Sep. 15, 2016; Accepted: Oct. 8, 2016; Published: Nov. 29, 2016
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Author
Md Habibur Rahman, Department of Management, University of Dhaka, Dhaka, Bangladesh
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Abstract
Globalization and easy access to market have made the supply chain management process competitive with the demand of providing modern products at the shortest possible time. The product life-cycle is decreasing tremendously with the ever increasing demand of varieties ofproducts. Ready made garment (RMG) has occupied more than 75% of export earning of Bangladesh and in the coming days supply chain management will be the key to meet more competency in the market place with the ever-increasing competition. In the supply chain management, necessary of Import, managing inventory, moving products across borders, managing margin of safety, maintaining economic Order Quantity (EOQ) and outsourcing are very crucial. In Bangladesh, the organization managing good supply chain andmanaging appropriate forecast of demand are expanding. This paper deals with the importance of supply chain management with appropriate forecast of Products nature to accelerate growth and expansion of market of RMG industry of Bangladesh.
Keywords
Supply Chain Management, Nature of Products, Lead Time, Growth, Market
To cite this article
Md Habibur Rahman, Impact of Product Nature on Supply Chain in the Global Market: An Analysis of Bangladeshi RMG, Journal of Business and Economic Development. Vol. 1, No. 1, 2016, pp. 14-24. doi: 10.11648/j.jbed.20160101.13
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Copyright © 2016 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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