Foreign Currency Inventory Management in a Branch Bank

The textile sector is one of the major economic pillars in Ethiopia. The sector is generating foreign currency by exporting textile and finished garments. However, the competitiveness of this sector is not as per the expectation due to the long delivery time and excessive manufacturing cost. This study aims to assess the main approval processes in handling garment samples between manufacturers and buyers. The study also examines the effect of physical sample approval process on export performance and competitiveness of the industry. The study employed an explanatory and exploratory multiple-case study research approach in four apparel exporting companies. Both primary and secondary data were collected using questionnaires, semistructured interviews, and observation. Result from this study showed that the export performance and competitiveness of apparel industries are mainly affected by the traditional sample approval system due to long delivery time, unnecessary approval process cost, and poor inventory management of the sampling department. The result also indicates that long lead time and costly process system made the sector incompetent in international market. Therefore, it can be concluded that the apparel manufacturing and exporting industries in Ethiopia should modify their approach to nurture better speed and comparably lower process costs. Ethiopia’s apparel sector needs also to invest in creating a reliable quality manufacturing system to grow and meet government targets for expanding export sales.

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

International Journal of Scientific and Engineering Research ◽

10.14299/ijser.2017.09.009 ◽

2017 ◽

Vol 08 (09) ◽

pp. 430-439

Author(s):

Smita Rani Debnath

Keyword(s):

Supply Chain ◽

Supply Chain Management ◽

Inventory Management ◽

Lead Time ◽

Foreign Currency ◽

Sustainable Growth ◽

Clothing Industry ◽

Current Status ◽

Chain Management ◽

Future Demand

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.

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