Study and analysis of shipment and transportation cost of vardhman textiles limited<br />Presented by:<br />Deepika<br />
Largest industry when it comes to employment <br />Contributes about 34% of total exports <br />India is the second largest producer of cotton yarns and fifth in production of synthetic fibres and yarns.<br />
Segments of Textile Industry<br />Processes used in Textile Industry<br />Leading Textile mills<br />
Rooted in Values, <br />Creating World Class Textiles.<br />
Vardhman aims to be world class textile organization producing diverse range of products for the global textile market. Vardhman seeks to achieve customer delight through excellence in manufacturing and customer service based on creative combination of state-of-the-art technology and human resources. Vardhman is committed to be responsible corporate citizen.<br />
Largest exporter of cotton yarns.<br />Largest range of textile products.<br />Second largest producer of sewing thread in the country.<br />First in Indian textile industry to get ISO certification in yarns and sewing thread.<br />
other resources between the point of origin and the point of consumption</li></li></ul><li>Business logistics<br />Definition<br />“having the right item in the right quantity at the right time at the right place for the right price in the right condition to the right customer"<br />
Transport logistics<br />Sub part of logistics<br />It includes all types of mode of transport used by the company for shipments.<br />Mode of transport may be<br />Rail 3. Air<br />Sea 4. Road<br />
Shipping & Terms of shipment<br />It is the physical process of transporting goods by land, air, and sea<br />Terms of shipment<br /><ul><li> Cost and freight (C&F)
Cost, insurance, and freight (CIF)</li></li></ul><li>World’s top shipping lines<br />1.American President Lines<br />2.Mediterranean Shipping Company( MSC)<br />3.Shipping Corporation of India<br />4.Wan Hai Lines<br />5.K-LINE<br />6.NYK<br />7.OOCL<br />
Custom And House Agents<br />A person licensed under these regulations to act as agent for the transaction of any business or the import or export of goods <br />
Obligations of Customs House Agent <br /><ul><li>Transact business in the Customs Station
Ensure that all documents</li></li></ul><li>SHIPMENT AND TRANSPORTATION IN CONTEXT TO VARDHMAN TEXTILES<br />
OBJECTIVES<br />To study the shipment & inland transportation costs for export shipments through different destinations.<br /> <br />To analyze the share of major shipping lines in context to different ports<br /> <br />
CONT…<br />To analyze the share of major shipping lines in context to different sectors.<br /> <br />To draw out suggestions, for reducing lead time of cha’s to different export destinations<br />
Research design: Descriptive<br />Sampling<br /><ul><li>Target population
Findings<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /><ul><li>It is found out that JK is more efficient than 3 ACES.
OM is showing better performance than Jupiter.
Overall ITS’s performance is better than Pink City
APL is handling more business of vardhman Textiles than other shipping lines.</li></li></ul><li>CONTD…<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /><ul><li>In North Africa SCI is handling 70% of the total business.
APL is handling 98% of the total business in Hong Kong
Vardhman has done more ICD stuffing this year comparative to previous year.
Vardhman has made a cost cutting RS.29.19 Lacs through the shipment from Mandideep.</li></li></ul><li>CONTD…<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /><ul><li>If company will depend upon only 3ACES , it can create some problem </li></ul>in future. To avoid it, business should be diversified.<br /><ul><li>As both cha’s are providing same level of services even than JUPITER </li></ul>is more preferable because JUPITER is handling much more <br />business than OM but providing the same efficiency level <br /><ul><li>Cost of OM & JUPITER is same but according to efficiency </li></ul>more shipments should be done through JUPITER.<br /><ul><li>Lead time of getting shipments examined can be reduced by </li></ul>providing more business to ITS. <br />
Recommendations<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /><ul><li>JK should be given more business as it is providing better service
Cost of 3 ACES is more than JK, even than it is handling a </li></ul> big share of non M.P. business. Share of 3 ACES should be reduced <br /><ul><li>As both cha’s are providing equal services even than JK is preferable </li></ul>over 3ACES because <br /> It may be beneficial from cost aspect.<br /> JK is also better in case of examination of shipments.<br /><ul><li>Overall performance of JK is good and can be provided with more </li></ul>business.<br />