A Study on Current Perspective of Supply Chain Management of Textile & Clothing Industry of Bangladesh in relevant to Future Demand

Abstract

The aim of this paper is to identify the current status of Supply Chain Management (SCM) in Textile & clothing Industry of Bangladesh. Also to discover the main issues faced regarding the supply chain, such as, inventory management, Longer Lead time ,collaboration, technology & logistics management . Also to relate it to the Modern Supply Chain in relevant to future Demand for the sustainable growth of this Industry . Textile industry of Bangladesh has been occupying as the largest source of exports and foreign currency for the country . It contributes 82.3% of the total export of Bangladesh .Also 4.00 Millions of women and men are employed in this industry. The export-oriented RMG sector has some distinctive features, which differentiate it from other businesses. Wage, supply chain, timeframe, and compliances are among the most important features of this business. Whatever the wage level or lead time is without proper supply chain management no business is viable. Our endeavor was to manage and exploit the opportunity that lies in an integrated supply chain which will provide competitive advantage to the Bangladesh garment factories. The study revels that the decision makers and planners of Textile & Clothing Industry should align their supply chain strategies, work together with all the supply chain partners, share information among the stages of supply chain, have a standard SCM procedure, comply the code of conduct, adapt changing technologies, minimize corruption and bureaucratic tangles in customs, cut lead time etc to sustain its growth.