Introduction This paper is prepared based on a case study of garments industry. Mr. Khan started a garments industry. After running for 5 years, he reached at the breakeven point that is - no profit and no loss. At the same time, he faced some problems regarding the sustainability of the garments. Here we tried to identify the problems that faced by Mr. Khan based on the on going garment sectors’ condition of Bangladesh. According to us, he did not face any budget problem but he faced performance problem and time problem. After identifying the problems, we tried to give some recommendations regarding the sustainability of his garments industry which are discussed here. 18 Flowchart of problems: 18 Problems identification: …show more content…
The corruptions are- Frequent work stoppage by different service providers, transport workers, Excessive dock labor unionism, Politicization of Collective Bargaining Agents, Direct involvement of powerful local politicians, elite and musclemen, illegal gratification practices. 1.14 High competition Mr. Khan is facing high competition for other local garments industries and efficient producers like Hong Kong, China, India, Thailand, and Sri Lanka, Vietnam and Caribbean countries. 2. Time problems: 2.1 Global Recession The garment exporters are suffering badly due to the ongoing global economic crisis. For the worldwide recession, Mr. Khan is realizing low unit value from the overseas market and paying higher unit value for importing raw materials. 2.2 Lack of resource when needed Resource like electricity, gas and water are not adequate. The raw materials are not also available in our country. Mr. Khan depended on others countries for outsourcing of raw materials which charged higher prices and increased the production cost. 2.3 Lead time The buyers want the product within a limited time with a best possible price that Mr. khan could not meet up. 3. Money Problems: 18 3.1 Fluctuation of international prices International price fluctuate heavily. As a result, cost of raw materials increases which ultimately increase the total price. 3.2 High corporate tax rate In garments industry has to pay high tax on their production as well as VAT. 1. Performance
The reasons are the following: Because of globalization all the markets are open and easier to enter for companies all over the world. This increases the entrance of foreign competitors like Chine, Italy, South Korea etc. Another factor are the energy and raw material costs that effect the profit of a company. Not to forget that the economy itself is really unstable. Last but not least the government regulation and laws that can increase the prices of the products as well.
The National Committee on Quality Assurance set the “gold” standard on health plans and their quality ratings. There was no other regulatory agency to oversee the health plan upon its initiation. Now we have other organizations; however NCQA provides the most stringent, ridged regulatory guidelines of the managed care organizations. In order for a health plan to do business with CMS, or state agencies, and to the public; they must show they meet NCQA guidelines. Health insurance has become a hot button topic with ACA and CMS. The Organization was established to set the tone of quality in the health/managed care environment. There are other governing bodies such as HHHAC for ambulatory centers and dome care URAC another nonprofit organization, who reviews health plan, clinical integration, health care, healthcare accreditation. Also AAAHC accreditation means that a health care organization meets or exceeds nationally-recognized Standards for quality of care and patient safety
Knowing that we have completed a good job and creating healthy relationships with clients is important for us. We understand that despite the assistance provided; some situations would create triggers and thus the desire of help may be neglected, everyone needs help sometimes.
Raising cost of raw materials. Raw materials used by the company are petroleum derivatives and highly dependent on oil prices. Variance of oil prices affects negatively the company because it increases the costs affecting profitability and competitiveness.
According to Merriam Webster (2014), "Provision is: the act or process of supplying or providing something." Every company provides a provision or has a mission statement that their company stand by, which shows what services that company, will commit to delivering to their clients. We as professionals and them as businesses have an obligation to deliver direct services effectively to help clients adapt socially and effectively in society. It is the companies' responsibility to provide clients with
Triangle Shirtwaist Factory brought attention to the lack of safety regulation and lead to an overhaul city's fire department, building codes, and workplace regulations. The business models and practices of the Triangle Factory owner is today just shipped overseas as we see in the Rana Plaza incident. It highlights the corruption and unethical practices of today fashion industry. The Large company uses the overseas business as sub-contractors. This way the can turn a blind eye to the local business practices and lack thereof. These companies get the benefit of large mass produce garment at cheap rates, but bear no responsibilities for maintenance of the factories, equipment or training for the workers. The business models and practices of the Triangle Factory owner is today just shipped overseas. Modern sweatshops are not only a problem, but an unethical system of abuse and waste exploits workers of the poor. Companies use terms such as “Terms of Engagement” or “Corporate sustainability” to show there care about the treatment of people and the environment and have standards in place to maintain ethical practices in the facility that manufactures the products that carry our brands. However, these companies have little control over the subcontractors. Brown ( ) state that “even if the contractors and their subcontractors had the desire and political will to implement effective safety programs, few of them have the resources necessary to accomplish
The introductory of the documentary examines the fabric mills of Bangladesh. It is very competitive in the international market place to find low cost labor; when merchandise manufactured in another country is imported these country put on a duty rate. Apparel companies contemplating low cost labor,
Firstly, fashion design thinking is a framework for making products aesthetically attractive by adopting new innovative approaches. But I was intrigued by seeing the disparity between conceptual fashion design thinking of designers and its industrial production viability. Questions like what type of fabric is best for what type of printing process and which process is more cost-effective with less limitation, are still some burning issues in the fashion world. Many times fashion designers demand very critical development like reactive printing on polyester-cotton blend fabric or discharge printing on double part dyed cotton-polyester fabric. But unfortunately, considering current technological aspects in Bangladeshi industrial sector,
With the elimination of U.S. government subsidies, cotton textile manufacturers will pay more for cotton. As the leading buyer of cotton, the Chinese apparel industry’s profitability will be reduced due to their inability to pass on increased cotton prices to their buyers. China’s manufacturing costs had already increased by as much as 40% due to higher market wages and costs with complying with worker and environmental protections. Although China has substantial labor and is accused of utilizing sweat shops to keep their costs extremely low, their increasing manufacturing costs have opened the door to other countries with cheap labor such as Vietnam and Pakistan.
Quality Assurance and Performance Improvement (QAPI) communicates the following five elements: design and scope, governance and leadership, feedback, data systems and monitoring, performance improvement projects, and systematic analysis and systemic action. The purpose of this paper is to communicate issues surrounding these topics, as well as aging problems. Are the topics evidence based? Do they have supporting documentation to put them into practice at various facilities? Can executing the aforementioned items make a difference at institutions? Now, start the journey to see how each section can be applied to your workplace.
The Utilization Management Program of the Naval Hospital Guam facility is one which is designed to ensure that high quality, cost efficient health care is delivered to all members of the community. The Utilization Management Division is responsible for implementing a Utilization Management Plan which will monitor the appropriate usage of the health care facilities, services and its resources. These services may include utilization reviews, case management, discharge planning and outcome-based evaluations. The Utilization Management Program is completely planned and put into action by this division. It is also responsible for coordinating and monitoring access to care, developing programs, and evaluating
There are a large amount of social and environmental problems within the global apparel industry.
Making a real system is all about quality control, with the quality assurance mechanism in place, a good-written code can feel like a good job on the system but testing plays the key role in keeping code straight and narrow and filtering with its own technique will be the perfect blend on the cutting edge system.
Fuel prices are forever increasing in the world we live in today; this is always going to impact consumers and business owners ultimately affecting large businesses the most. It isn’t possible for business owners to predict fuel and electricity increases, as these are linked to economic and political factors beyond their control. This forces management to really look at their business costs and consider ways to achieve increased efficiencies. When the fuel prices go up it means that shipping and transport of material or any other resources become much more expensive. This then forces Mr Price to bring up their cost on clothing as it costs the business more to make the products.
The cost is kept low with labor and the production. This helps competing in the export trading world. “I am telling, in textile nobody can beat Bangladesh in price and quality”