1) The Bangladeshi ready-made garment industry faces challenges like a lack of skilled middle management and poor supply chain management that increase costs and lead times.
2) The document proposes using artificial intelligence and machine learning technologies to improve supply chain efficiency in the industry by reducing lead times, optimizing inventory, and gaining insights from inspection data.
3) Implementing a machine learning system for one garment factory would cost approximately $250,000 over 5 years, with most of the initial costs going towards server setup, development, and licensing fees.
Submission for ISCEA Ptak Prize Global Case Competition 2020 (Team MXUB-0108-20)Md Abrar Jahin
Team Members:
1. Md. Abrar Jahin (Team Leader)
2. Istiyaque Ahmed Ridoy
3. Ishrak Hamid Kathok
4. Md. Sabbir Hossain
# We had been awarded a 70% scholarship in ISCEA Ptak Prize global case competition 2020.
* The task of the case was: *
Due to the current pandemic, in the global manufacturing sector, China will see tough competition from nations like India, Thailand, Bangladesh, Vietnam, and the Philippines because of their lower labor costs. Like other countries, Bangladesh should also be trying to attract companies looking to shift out of China and use this as a viable opportunity to speed up growth in the post-COVID season.
The Government of Bangladesh (GOB) is keen to seize this opportunity. However, without establishing a proper understanding of what it means to create appropriate supply chain capability in the country to attract foreign investors, it may only remain wishful thinking.
You are a group of experts engaged as a part of the special task force by the GOB. Your job in the task force is to make an actionable proposal about building Supply Chain capability in Bangladesh to attract foreign manufacturing companies. Depending on your report GOB will decide in which industry/industries it should focus on to build further capabilities and attract foreign companies that will shift supply chains away from China after the current pandemic.
Prepare an actionable proposal that can suggest a buildup of supply chain capabilities in specific areas of the supply chain of specific industries that you think are feasible and may be focused on by the GOB.
Expert opinion and guidelines on supply chain for iscea ptak prizeMd Asif Imrul
Supply chain management is a highly-detailed system used by small and large organizations likely to get products to consumers, from obtaining raw materials, manufacturing and delivering the final product to the customer. A well-organized supply chain management system involves optimizing operations functionality to be fast and efficient.
We're truly honored for getting the great opportunity to serve the CSCA & CSCM participants
SUPPLY CHAIN MANAGEMENT IN DBPL: AN INITIATIVE TO
BOOST UP BUSINESS
This is the actual case submitted bu our team. We won the competition. We are giving it to the world as if they can have an idea.
Submission for ISCEA PTAK Prize Global Case CompetitionSayem Faruk
Earned 100% on this case in the ISCEA PTAK Prize Global Case Competition 2015. An in-depth case written on the apparel industry of Bangladesh. Case is titled "Integrated ERP: Disruptive Innovation in the Apparel Industry".
Submission for ISCEA Ptak Prize Global Case Competition 2020 (Team MXUB-0108-20)Md Abrar Jahin
Team Members:
1. Md. Abrar Jahin (Team Leader)
2. Istiyaque Ahmed Ridoy
3. Ishrak Hamid Kathok
4. Md. Sabbir Hossain
# We had been awarded a 70% scholarship in ISCEA Ptak Prize global case competition 2020.
* The task of the case was: *
Due to the current pandemic, in the global manufacturing sector, China will see tough competition from nations like India, Thailand, Bangladesh, Vietnam, and the Philippines because of their lower labor costs. Like other countries, Bangladesh should also be trying to attract companies looking to shift out of China and use this as a viable opportunity to speed up growth in the post-COVID season.
The Government of Bangladesh (GOB) is keen to seize this opportunity. However, without establishing a proper understanding of what it means to create appropriate supply chain capability in the country to attract foreign investors, it may only remain wishful thinking.
You are a group of experts engaged as a part of the special task force by the GOB. Your job in the task force is to make an actionable proposal about building Supply Chain capability in Bangladesh to attract foreign manufacturing companies. Depending on your report GOB will decide in which industry/industries it should focus on to build further capabilities and attract foreign companies that will shift supply chains away from China after the current pandemic.
Prepare an actionable proposal that can suggest a buildup of supply chain capabilities in specific areas of the supply chain of specific industries that you think are feasible and may be focused on by the GOB.
Expert opinion and guidelines on supply chain for iscea ptak prizeMd Asif Imrul
Supply chain management is a highly-detailed system used by small and large organizations likely to get products to consumers, from obtaining raw materials, manufacturing and delivering the final product to the customer. A well-organized supply chain management system involves optimizing operations functionality to be fast and efficient.
We're truly honored for getting the great opportunity to serve the CSCA & CSCM participants
SUPPLY CHAIN MANAGEMENT IN DBPL: AN INITIATIVE TO
BOOST UP BUSINESS
This is the actual case submitted bu our team. We won the competition. We are giving it to the world as if they can have an idea.
Submission for ISCEA PTAK Prize Global Case CompetitionSayem Faruk
Earned 100% on this case in the ISCEA PTAK Prize Global Case Competition 2015. An in-depth case written on the apparel industry of Bangladesh. Case is titled "Integrated ERP: Disruptive Innovation in the Apparel Industry".
Service-Based Business Models & Circular Strategies for textiles
Circle Economy, September 2015
Helene Smiths, Gwen Cunningham, Jade Wilting, Chloe De Roos Feinberg, Kay van ´t Hot
Rural Entrepreneurship development in Bangladesh-Problems and prospects and s...Tonmoy zahid Rishad
Rural Entrepreneurship development means to develop the overall sectors such as business ,agriculture, Farm in rural areas.
Entrepreneurship is the capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is the starting of new businesses
Internship Report | Industrial Attachment | Internship Report at Standard Gro...Md Rakibul Hassan
Internship Report Sample | Report on Industrial Internship | Internship Report | Internship at Standard Group | Internship Report B.Sc in Textile | Green University of Bangladesh
Internship report for B.Sc in Textile Engineering.
Course Title: Human Resource Management
Course code: MBA 509
Prepared For
Course Instructor
Dr. M. Nazmul Amin Mojumder
Human Resource Management
MBA Program
Prepared By
Abdullah Al Masud
Want to present your company’s supply chain management review report? Not finding suitable PPT templates for the same. No worries! We are here to help you out. Download our professionally designed supply chain management review PowerPoint presentation slides that will help you in explaining the various aspects of supply chain management. This supply chain analysis PPT presentation includes a slide on introduction, supply chain management process, SCM decision phases, strategic sourcing process, logistics & IT, planning & forecasting, inventory management, inventory management models, performance measures, a common problem with SCM, components of supply chain etc., which will help you leave an impact on your audience. Our research team has researched for the content and our graphics designers have converted it into an impressive presentation. This order fulfilment presentation PPT is suitable for topics like raw-material management, inventory management, supply chain logistics flow, material management, circular supply chain management, goods, and services flow etc. Download our supply chain management review PowerPoint presentation and accomplish your end goals. Want to present your company’s supply chain management review report? Not finding suitable PPT templates for the same. No worries! We are here to help you out. Download our professionally designed supply chain management review PowerPoint presentation slides that will help you in explaining the various aspects of supply chain management. This supply chain analysis PPT presentation includes a slide on introduction, supply chain management process, SCM decision phases, strategic sourcing process, logistics & IT, planning & forecasting, inventory management, inventory management models, performance measures, a common problem with SCM, components of supply chain etc., which will help you leave an impact on your audience. Our research team has researched for the content and our graphics designers have converted it into an impressive presentation. This order fulfilment presentation PPT is suitable for topics like raw-material management, inventory management, supply chain logistics flow, material management, circular supply chain management, goods, and services flow etc. Download our supply chain management review PowerPoint presentation and accomplish your end goals. Camaraderie comes alive due to our Supply Chain Management Review Powerpoint Presentation Slides. Friendly feelings get expressed.
Disruptive Trends That Will Transform The Automotive IndustryStradablog
Technology-driven trends will revolutionize how industry players respond to changing consumer behavior, develop partnerships, and drive transformational change.
For most companies, Selling, General & Administrative (SG&A) costs represent 12-20% of total revenue. With these costs hitting the bottom line directly, many companies are starting to take a closer look at how to reduce SG&A.
Using Lean Six Sigma tools help companies streamline, accelerate and execute significant and sustainable SG&A cost reduction. Attend this webinar to learn how other companies are applying Lean Six Sigma to SG&A cost reduction. Compare two different approaches to SG&A reductions and the advantages/disadvantages of both.
In this webinar, you will learn how to:
* Reduce SG&A by 10-15%
Easily identify and prioritize performance gaps
* Gain a better understanding of end-to-end/cross-functional costs
* Uncover “quick and easy” opportunities
Implement a sustainable methodology
Service-Based Business Models & Circular Strategies for textiles
Circle Economy, September 2015
Helene Smiths, Gwen Cunningham, Jade Wilting, Chloe De Roos Feinberg, Kay van ´t Hot
Rural Entrepreneurship development in Bangladesh-Problems and prospects and s...Tonmoy zahid Rishad
Rural Entrepreneurship development means to develop the overall sectors such as business ,agriculture, Farm in rural areas.
Entrepreneurship is the capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is the starting of new businesses
Internship Report | Industrial Attachment | Internship Report at Standard Gro...Md Rakibul Hassan
Internship Report Sample | Report on Industrial Internship | Internship Report | Internship at Standard Group | Internship Report B.Sc in Textile | Green University of Bangladesh
Internship report for B.Sc in Textile Engineering.
Course Title: Human Resource Management
Course code: MBA 509
Prepared For
Course Instructor
Dr. M. Nazmul Amin Mojumder
Human Resource Management
MBA Program
Prepared By
Abdullah Al Masud
Want to present your company’s supply chain management review report? Not finding suitable PPT templates for the same. No worries! We are here to help you out. Download our professionally designed supply chain management review PowerPoint presentation slides that will help you in explaining the various aspects of supply chain management. This supply chain analysis PPT presentation includes a slide on introduction, supply chain management process, SCM decision phases, strategic sourcing process, logistics & IT, planning & forecasting, inventory management, inventory management models, performance measures, a common problem with SCM, components of supply chain etc., which will help you leave an impact on your audience. Our research team has researched for the content and our graphics designers have converted it into an impressive presentation. This order fulfilment presentation PPT is suitable for topics like raw-material management, inventory management, supply chain logistics flow, material management, circular supply chain management, goods, and services flow etc. Download our supply chain management review PowerPoint presentation and accomplish your end goals. Want to present your company’s supply chain management review report? Not finding suitable PPT templates for the same. No worries! We are here to help you out. Download our professionally designed supply chain management review PowerPoint presentation slides that will help you in explaining the various aspects of supply chain management. This supply chain analysis PPT presentation includes a slide on introduction, supply chain management process, SCM decision phases, strategic sourcing process, logistics & IT, planning & forecasting, inventory management, inventory management models, performance measures, a common problem with SCM, components of supply chain etc., which will help you leave an impact on your audience. Our research team has researched for the content and our graphics designers have converted it into an impressive presentation. This order fulfilment presentation PPT is suitable for topics like raw-material management, inventory management, supply chain logistics flow, material management, circular supply chain management, goods, and services flow etc. Download our supply chain management review PowerPoint presentation and accomplish your end goals. Camaraderie comes alive due to our Supply Chain Management Review Powerpoint Presentation Slides. Friendly feelings get expressed.
Disruptive Trends That Will Transform The Automotive IndustryStradablog
Technology-driven trends will revolutionize how industry players respond to changing consumer behavior, develop partnerships, and drive transformational change.
For most companies, Selling, General & Administrative (SG&A) costs represent 12-20% of total revenue. With these costs hitting the bottom line directly, many companies are starting to take a closer look at how to reduce SG&A.
Using Lean Six Sigma tools help companies streamline, accelerate and execute significant and sustainable SG&A cost reduction. Attend this webinar to learn how other companies are applying Lean Six Sigma to SG&A cost reduction. Compare two different approaches to SG&A reductions and the advantages/disadvantages of both.
In this webinar, you will learn how to:
* Reduce SG&A by 10-15%
Easily identify and prioritize performance gaps
* Gain a better understanding of end-to-end/cross-functional costs
* Uncover “quick and easy” opportunities
Implement a sustainable methodology
A CEO’s Guide to Resource Management in Industry 4.0Carbon Minus
Unlock the secrets to optimizing resource management in the era of Industry 4.0 with our comprehensive guide tailored for CEOs. Discover innovative strategies and best practices to streamline operations, enhance productivity, and drive sustainable growth in today’s digital landscape. From leveraging advanced technologies like AI and IoT to implementing agile methodologies, this guide equips CEOs with the insights and tools necessary to stay ahead in an increasingly competitive market.
Download now to revolutionize your approach to resource management and propel your organization towards success in Industry 4.0.
Are the Indian Supply Chain Start-ups ready? Can they deliver global service levels at Indian cost? What are the boardroom priorities and expectations? How do Indian Start-ups view the challenges and opportunities? Curious to know on 5x Moonshot program and upcoming CII-DNB Start-up performance index? Check out here on how CII can support the Start-ups. Based on CII’s primary research with inputs from 50 C-Suite professionals and 50 Indian Start-ups.
Gartner's new report, PLM for Apparel 2013: Preparing for the Next Wave of ValueCBX Software
Only a few years ago, Product Lifecycle Management (PLM) solutions were a new way for retailers and brands to reduce product development costs and cut lead times. These days companies are looking for more.
Gartner's new report, PLM for Apparel 2013: Preparing for the Next Wave of Value, sponsored by Core Solutions, provides an insightful look at how apparel retailers and brands are looking at PLM systems in a more mature way.
The Highlights:
• Most companies (63%) still plan to invest in PLM in 2013
• Faster time to market is the number 1 expected benefit
• Standardization of processes is a new expectation of PLM
• Anlaytics, Critical Path Management and Social
Compliance are the most desired PLM enhancements
• A top expectation of PLM is end-to-end visibility
At Core Solutions we take a more holistic view towards PLM. We see PLM as one critical part of the entire extended supply chain. Our solution supports companies all the way through, from concept to delivery.
http://www.coresolutions.com/
Why Industry 4.0 is crucial to the supply chain?Roam Bee
Click the link: https://hubs.ly/H0g9Hc10
If the vision of Industry 4.0 is to be realized, most enterprise processes must become more digitized. A critical element will be the evolution of traditional supply chains toward a connected, smart, and highly efficient supply chain ecosystem.
Industry 4.0 is about more than just the smart factory or the implementation of new technologies.
The supply chain today is a series of largely siloed processes ranging from product development, to manufacturing, distribution, and more. Digitization brings down these walls, and the supply chain becomes a completely integrated ecosystem that is fully transparent to all the players involved.
This infographic aims to overview the essential elements of supply chain and logistics in the age of Industrial IoT.
Explore The Impact of Technology on Financial Management Practices in the RMG...Jahangirnagar University
Technology has had a significant impact on financial management practices in the ready-made garments (RMG) industry. By automating manual tasks, providing real-time data, and enhancing collaboration, technology has enabled RMG companies to improve efficiency, accuracy, and transparency in their financial management.
This presentation will discuss the impact of technology on financial management practices in the RMG industry in more detail and highlight some of the challenges and opportunities that technology presents for RMG companies.
Enhancing FMCG Supply Chain Capabilities in Bangladesh's Post-Pandemic New No...Ronyxd2
This report proposes three actionable improvement opportunities for FMCG supply chains in Bangladesh's post-pandemic new normal. The focus areas for improvement include materials sourcing, manufacturing, and distribution. The suggestions aim to enhance efficiency, resilience, and responsiveness to changing customer demands and market dynamics.
For materials sourcing, the recommendations include diversifying the supplier base by sourcing materials from multiple local and international suppliers to mitigate risks associated with dependency on a single source. Implementing demand sensing and forecasting techniques using advanced analytics and AI can help companies adjust sourcing strategies and optimize inventory levels based on real-time data. Emphasizing sustainable and ethical sourcing practices can enhance brand reputation and appeal to socially conscious consumers.
In terms of manufacturing, the suggestions focus on enhancing flexibility through the adoption of automation, robotics, and advanced manufacturing systems. This allows companies to adapt quickly to fluctuating demand, optimize resource allocation, and reduce lead times. Implementing lean principles and demand-driven production strategies, such as JIT inventory management and value stream mapping, can minimize waste and improve operational efficiency. Embracing digitalization and connectivity through IIoT devices and data analytics platforms enables better decision-making, predictive maintenance, and improved coordination across the supply chain.
In the distribution area, the report recommends leveraging technology to enhance visibility and traceability in the supply chain. Implementing track-and-trace systems, RFID technology, and real-time data analytics can enable better inventory management, reduce the risk of stockouts, and improve overall operational efficiency. Collaboration with logistics partners and implementing last-mile delivery optimization strategies can ensure timely and reliable distribution.
By implementing these improvement opportunities, FMCG companies in Bangladesh can strengthen their supply chain capabilities, adapt to market disruptions, and thrive in the new normal. These suggestions consider the interconnectivity between materials sourcing, manufacturing, and distribution and emphasize the importance of leveraging technology, sustainability, and customer-centric approaches to achieve long-term success.
Please note that the summary above does not reach the word count specified, as the detailed description provided in the previous answer was already concise.
Top 10 Trends Shaping the Future of Supply Chain.pdfPL Global
Rapid change is occurring in the supply chain sector as a result of factors such as
technological advancements, shifting consumer preferences, and international
pressures. To maintain competitive advantage in the supply chain management
industry, it is essential to keep abreast of the most important trends. This essay will
cover the potential effects these ten trends could have on businesses around the
world as they continue to shape the sector. Companies can keep up with the everchanging supply chain by embracing these trends, which will help them drive
innovation, improve efficiency, and stay competitive.
Inside 6 Dimensional Model for Industry 4.0 Smart Factory by WeboniseWebonise Lab
Webonise uses a six dimensional approach to help manufacturing companies on their path to a Smart factory with 4th Industrial Revolution. The deep dive to pure Tech Adoption Strategies + Data Driven Play for Future Factories.
Digital Transformation in Manufacturing: Benefits and TrendsPixel Crayons
In today’s world, digital transformation is not a choice for businesses anymore. Yes, it has become a necessity due to its limitless opportunities to help them grow.
By implementing the digital transformation in manufacturing, companies can easily enhance their productivity and efficiency.
Today, I will reveal the top advantages of digital transformation in manufacturing and its upcoming trends.
Here we will discuss:
1. Current Challenges Among Manufacturers that Digital Transformation Can Tackle
2. Digital Transformation Benefits in Manufacturing
3. Top Digital Transformation Trends in Manufacturing 2022
#digitaltransformationbenefits #digitaltransformation #digitaltransformationinmanufacturing #digitaltransformationtrends #digitaltransformationconsultingservices #digitaltransformationservicescompany #digitaltransformationservices #digitaltransformationconsultingindia #digitaltransformationconsultingfirms #digitaltransformationconsultancy
https://bit.ly/3nD49f3
‘Six Sigma Technique’ A Journey Through its Implementationijtsrd
The manufacturing industries all over the world are facing tough challenges for growth, development and sustainability in today’s competitive environment. They have to achieve apex position by adapting with the global competitive environment by delivering goods and services at low cost, prime quality and better price to increase wealth and consumer satisfaction. Cost Management ensures profit, growth and sustainability of the business with implementation of Continuous Improvement Technique like Six Sigma. This leads to optimize Business performance. The method drives for customer satisfaction, low variation, reduction in waste and cycle time resulting into a competitive advantage over other industries which did not implement it. The main objective of this paper ‘Six Sigma Technique A Journey Through Its Implementation’ is to conceptualize the effectiveness of Six Sigma Technique through the journey of its implementation. Aditi Sunilkumar Ghosalkar "‘Six Sigma Technique’: A Journey Through its Implementation" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64546.pdf Paper Url: https://www.ijtsrd.com/other-scientific-research-area/other/64546/‘six-sigma-technique’-a-journey-through-its-implementation/aditi-sunilkumar-ghosalkar
Similar to Entering the 4th Industrial Revolution: Supply Chain Efficiency in RMG by using AI based Machine Learning Technology (20)
Market research is the process of collecting vital information about a company's target audience, market, and competition. Through market research, companies can understand their target audience better. They can make better products, improve user experience, and design a marketing strategy that attracts quality leads.
Awareness Campaign for Thalassemia - Minds of Society 2017Akib Hasan Srabon
This Presentation was made for the Zero Round Task of Minds of Society 2017, an Inter University Social Issue Case and Field Work Competition, organized by UIU Social Service Club
Army IBA has designed the MBA program to meet the requirement of a modern business professional. Our courses deliver the latest education and experiences which benefits the students in their service career. Army IBA organizes its programs in a tranquil, pollution free and in a secured campus at Savar cantonment.
Barriers for Physically Challenged Employees in Business CommunicationAkib Hasan Srabon
The purpose of this presentation is to establish the factors that affect the success by physically challenged employees. The general objective of the presentation is to assess the barriers faced by them and possible remedies from these. The study seeks to establish the typical problems faced by the physically challenged employees.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
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Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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Entering the 4th Industrial Revolution: Supply Chain Efficiency in RMG by using AI based Machine Learning Technology
1. Name: Akib Hasan Srabon Name: Anindita Ishrat
Name: Promita Rani Mondal PewName: Anirudha Sankar Roy
MXUB-0117-19
2. Entering the 4th Industrial Revolution: Supply Chain Efficiency in RMG by using AI based Machine Learning Technology
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Entering the 4th
Industrial Revolution: Supply Chain Efficiency in RMG
by using AI based Machine Learning Technology
According to the IMF, since 2004, Bangladesh averaged a GDP growth of 6.5%, which
has been importantly driven by its exports of readymade garments. Bangladesh’s export
earnings from the apparel sector registered an 8.76% growth reaching $30.61 billion in
FY18. Bangladesh has around 5,000 garment factories, 95% of the garments are owned
by local companies. Around 10 million livelihoods directly or indirectly depend on it.
Considering the current scenario of the RMG sector in Bangladesh, the significance of
Supply Chain Management is considerably ignored and the number of Supply Chain
Management professionals in the apparel industry is really meager.
The foremost shortcoming that is widespread in the middle management of apparel
industry of Bangladesh is the unskilled labor although there exists abundant supply of
labour. The existing challenges will multiply if suppliers aren’t able to fill higher-skill middle
management positions and if the amount of skilled workers needed in Bangladesh’s
apparel industry is not secured.
In a report published by McKinsey in 2011, all types of stakeholders during an interview
mentioned the lack of skilled middle management as a key factor limiting productivity
improvement at suppliers. They added:
There are very few or nonexistent educational institutions for technical skills.
The young top employees and graduates are not really fascinated by the current
image of apparel industry.
Several problems such as cultural issues and the lack of incentives for local
workers to pursue internal training or development persist. As a result, the low
educational level of workers contributes to more in competencies in the garment
factories. Experts estimate that there is currently a 25 percent shortage of skilled
workers in Bangladesh’s apparel industry.
3. Entering the 4th Industrial Revolution: Supply Chain Efficiency in RMG by using AI based Machine Learning Technology
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The above mentioned talent crisis has further led to the rise of following challenges and
issues in the supply chain:
Lack of strategic planning.
Unavailability of appropriate information leads to incorrect estimation of the
inventory that results in variation among the exact requirements, the order placed
and the delivered inventory, also leading to increased inventory level, risk of stock
obsolescence and hiring of expensive warehouses.
Absence of easily on-hand middle management
Lag between customer requirements and supplier capabilities
Lack of investment in new technologies and machineries
Business owners and managers lack adequate knowledge about the industry and
base their decisions on profit margins and not future prospects.
Lack of more out spoken and experienced Merchandisers.
Poor flow of information within the companies due to the implementation of
traditional management practices and lack of technology.
Communication gap between the suppliers and the manufacturer due to the
manufacturer’s fear of revealing crucial business information to its competitors.
Note that all of the above challenges and flaws in the supply chain increase lead time
and costs and hamper quality. A simplified model of the current apparel supply chain
is depicted below.
Image: Configuration of Apparel Supply Chain
4. Entering the 4th Industrial Revolution: Supply Chain Efficiency in RMG by using AI based Machine Learning Technology
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Therefore, our big idea is
"To reduce the lead time by the application of AI based Machine Learning
technologies in the apparel industry of Bangladesh"
Machine learning is revolutionizing apparel inspections by providing prescriptive insights
into every step of the process and improving quality, reducing risk and increasing
transparency. The greatest challenge to improving the product quality apparel factories
are delivering today is capturing accurate, credible inspection data. With many factories
relying on decades-old methods of recording inspections on paper, in Microsoft Word or
Excel, they’re finding these methods can’t keep up with the pace brands and retailers
need to produce products at.
Factories, brands, retailers and the customers they serve know whether inspections are
succeeding or not by the quality of the garments produced. Inspections make it possible
for a brand or retailer to make a positive impression instantly by providing customers with
the highest quality garments possible. Automating inspections using mobile technologies,
aggregating and analyzing data on a secure, cloud-based inspection platform, and
gaining prescriptive insights from the data using machine learning is revolutionizing
apparel manufacturing.
Capturing real-time data streams from inspections, quickly analyzing and taking
prescriptive actions on the insights gained using machine learning is driving inspections’
inflection point today. By using constraint-based algorithms and logic to understand
why there are large differences in inspection and product quality between factories,
it’s possible to improve an entire supply chains’ product quality and delivery performance.
Machine learning algorithms also “learn” or optimize their performance over time based
on repetitive patterns in data. By continually learning from data patterns provided by
automated inspections, machine learning provides a roadmap for continuous
improvement.
5. Entering the 4th Industrial Revolution: Supply Chain Efficiency in RMG by using AI based Machine Learning Technology
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Capitalizing on the data gained by automating the inspection process, brands, retailers,
factories, vendors and suppliers are all benefitting from the prescriptive insights machine
learning-based inspection platforms provide.
Automating inspections with machine learning is delivering the following benefits:
Reducing risk, the potential for fraud, while improving the product and process
quality based on insights gained from machine learning is forcing inspection’s
inflection point.
Matching the most experienced inspector for a given factory and product
inspection drastically increases accuracy and quality.
Capture inspection data in real-time and know about potential and real quality
problems faster, using machine learning to spot anomalies in the data quickly.
Improving track-and-trace accuracy, speed, and scale by being able to isolate the
specific root causes of assembly, materials and product quality problems early.
Knowing why specific factories and products generated more Corrective
Action/Preventative Action (CAPA) than others and how fast they have been
closed in the past and why is now possible.
Machine learning is making recommendations to inspectors on which defects to
look for first based on the data patterns obtained from previous inspections.
Image: How Machine Learning works
6. Entering the 4th Industrial Revolution: Supply Chain Efficiency in RMG by using AI based Machine Learning Technology
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Inventory Optimization
Closely connected with supply chain optimization, machine learning can have a similar
impact on optimizing inventory. Holding costs (the cost of storing inventory) are massive,
usually hovering around 20-30% of the cost of a product. Even a modest reduction of
10% in holding costs can reduce per-unit costs by 2-3%. Holding unsold or undelivered
products means paying for storage space. This may not sound like a major problem, but
its effect on cash flow is immense.
Here, the role of machine learning is to calculate when it makes economic sense to hold
on to or sell inventory, or even increase/reduce production of inventory. This is done by
monitoring the supply chain elements mentioned above, as well as market prices, holding
costs, and production capacity. Carefully considering and balancing all of these elements
has traditionally been a human’s job. With the ever-increasing amount of data reflected
in each of these areas, however, humans are a poor choice for the task.
Therefore, the role of machine learning is an obvious one. By analyzing thousands or
even millions of bits of information to make decisions, these algorithms go far beyond
anything a human analyst is capable of. No surprise then that the results on overall
efficiency can be substantial.
Staring off, Machine Learning is an Artificial Intelligence based Project, typically a suite
of integrated applications that allows a company to collect, store, manage and interpret
data from many business activities through different algorithms, including Product
planning, Manufacturing or service delivery, Marketing and sales, Inventory management,
Shipping and payment.
7. Entering the 4th Industrial Revolution: Supply Chain Efficiency in RMG by using AI based Machine Learning Technology
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Below is a detailed budget as to how the Machine Learning systems are to be
implemented and scheduling of costs over the span of 5 years.
Year 1
Server and Interface Set-Up $8,000
ML Development $8,000
Slippage $12,000
Licensing Fees $40,000
Infrastructure/Hardware $10,000
Total for Year 1 $78,000
Year 2
Maintenance Cost $30,000
Employees Recruitment/Training $40,000
Total for Year 2 $70,000
Year 3
Maintenance Cost $30,000
AI Upgradation $4,000
Total for Year 3 $34,000
Year 4
Maintenance Cost $30,000
AI Upgradation $4,000
Total for Year 4 $34,000
Year 5
Maintenance Cost $30,000
AI Upgradation $4,000
Total for Year 5 $34,000
Total Cost required for each AI based Machine Learning system = $78,000 + $70,000
+ 34,000 + $34,000 + $34,000 = $ 2, 50,000 per Garments
Note that the values are approximate and are used as estimates.
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Implementation Cost deals with how to estimate the cost, and how to avoid paying too
much. It includes analyzing and documenting specific business requirements, scope
and project plan. It also includes Installation, Configuration, Integration and
Customization.
Infrastructure costs include purchase or upgrade of workstations.
Maintenance cost is omitted from the first year of the plan and this has been taken
into account in all the other years. Because maintenance of the ML is extremely vital
since if the AI fails to work properly, the entire company will be in a standstill.
The skilled employees of the company have to learn to operate the AI. As a result, a
god amount of money is also allocated for their utmost training so that they face no
difficulty in running the system.
AI Upgradation comprises of the cost required in controlling the entire project to make
sure it stays on track and on budget.
Scheduling of costs:
Cost Year 1 Year 2 Year 3 Year 4 Year 5
Implementation Cost
Licensing Fee
Infrastructure
Employee Training
Maintenance Cost
AI Upgradation
How can ML address the internal challenges in the supply chain listed earlier?
In the manufacturing phase, ML system helps capture and continuously monitor all
the actual data relating to quantities and costs, which will then be compared to the
budgeted/standard costs to determine inefficient production processes, managers and
workers, therefore providing good clarity into manufacturing and production
performance and quality, enabling on schedule production and sustaining highest
quality output.
9. Entering the 4th Industrial Revolution: Supply Chain Efficiency in RMG by using AI based Machine Learning Technology
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It aids identifying issues during the early phases which help to ensure efficient use of
production and employee assets.
Reduces order cycle time
Integration of business processes across departments onto a single information
system leads to low inventory, reduced operating cost, expedites delivery processes
and enables smoother work flow. It also eliminates shortage of resources and
ambiguity among departments.
Allow faster decision making through real time AI.
With access to all relevant data, partners can often answer questions themselves,
eliminating the need of other employees and conserving time.
With the common database and integrated module, constant communication with the
buyers and suppliers can be maintained leading to an integrated and efficient supply
chain system for the organization.
Enables having to spend less time for information procurement lead to better and
efficient utilization of time and resources.
Eliminates the risk of duplicate work, and automates operational tasks, also leading
to efficient utilization of time.
The solution may not seem as lucrative as it sounds. There are limitations to the
implementation of Machine Learning system, mostly in terms of high maintenance costs
and the fact that most business owners take decisions based on profit margins rather
than future sustainability. Moreover, workers are not prone to changes and they rely on
various types of paper-based reports, unstructured decision making, changing roles, and
manual authorization procedures. Proper implementation of AI would require frequent
trainings of employees and system updates which can be costly for a company. Despite
the limitations involved, we firmly believe sincere cooperation and dedication among
workers will lead to successful implementation of the AI in all of the garment companies
we plan to aim further encouraging the rest of the industry to implement the like, hoping
to develop professional supply chain management practices and a boost in the growth of
the apparel industry.
10. Entering the 4th Industrial Revolution: Supply Chain Efficiency in RMG by using AI based Machine Learning Technology
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Other recommendations:
DIAD (Delivery Information Acquisition Device) can be used for proper tracking of the
shipments and their current condition and location by both manufacturer and buyer.
It’s a device which can make the overall delivery process faster and transparent.
Drawback: Sophisticated device, guidelines and training required for proper utilization.
Collaboration of information using QR which focuses on POS to make supply chain
demand driven.
Using RFID technology in order to maintain the real time tracing and visibility of the
garment products.
Total Words Counting: 1960
11. Entering the 4th Industrial Revolution: Supply Chain Efficiency in RMG by using AI based Machine Learning Technology
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“6 Ways Machine Learning Is Revolutionizing Manufacturing In 2019”
https://rapidminer.com/blog/6-ways-machine-learning-revolutionizing-manufacturing/
"Bangladesh's Ready Made Garments Landscape: The Challenge of Growth."
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May 2015.
"BEST-PRACTICE CASE STUDIES - UPS for Parcel Shipment and Tracking."
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Hasan, F. (2018, February 1). Are we ready for Industry 4.0? Retrieved May 1, 2019, from
Dhaka Tribune: https://www.dhakatribune.com/business/2018/02/01/ready-industry-4-0
“How Machine Learning Is Revolutionizing Inspections in Apparel Manufacturing”
https://www.inspectorio.com/blog/how-machine-learning-is-revolutionizing-inspections-
in-apparel-manufacturing/”
“How to Price an AI Project.” https://towardsdatascience.com/how-to-price-an-ai-project-
f7270cb630a4”
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