Master Paper

on
Implementation of Supply Chain Management Strategy: of A Study
on Radiance Knitwears Ltd.

Prepared by:

Md. Farid Ali

ID# 15 3 34 802 025
MBA (Evening) Program-6th Semester
School of Business
Bangladesh Open University
Gazipur

Supervised By Submitted Through

MS. ADIBA ANIS PROF. DR.M. EKRAMUL HOQUE

Lecturer (Marketing) Director, MBA (Evening) Program
School of Business School of Business
Bangladesh Open University Bangladesh Open University
Gazipur, Bangladesh Gazipur, Bangladesh

Date of Submission: 15 December 2017

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 Letter of Transmittal
Date: 15 December 2017
Ms. Adiba Anis
Lecturer (Marketing)
School of Business
Bangladesh Open University
Gazipur, Bangladesh
Sub: Submission of master paper on: “Implementation of Supply Chain Management
Strategy: of A Study on Radiance Knitwears Ltd.”

Dear Madam,

It is my pleasure to inform you that I am going to submit my master paper on “Implementation

of Supply Chain Management Strategy: of A Study on Radiance Knitwears Ltd.” as
required for MBA program. I have worked hard for preparing your master paper more faithfully.
In doing so, I have collected information from different websites, company's profile, interview
with company's officials after designing questionnaire and so on. But my main emphasis was on
my assessment of the subject matter and interpretation of actual scenario to make this master
paper as more informative and understandable as possible.

Since this is a different sort of research paper based on a well-known RMG industry of Radiance
Knitwears Ltd “Implementation of Supply Chain Management Strategy: of A Study on
Radiance Knitwears Ltd.”. So I wish your kind consideration as well as heartily cooperation to
clarify the matters of technical difficulties and professional.

Sincerely yours,

--------------------------
Md. Farid Ali
ID# 15 3 34 802 025
MBA (Evening) Program-6th Semester
School of Business
Bangladesh Open University
Gazipur.

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 SUPERVISOR’S CERTIFICATION

This is to certify that the master paper on “Implementation of Supply Chain Management
Strategy: of A Study on Radiance Knitwears Ltd.” has been prepared as a part of completion
of the MBA program from School of Business of Bangladesh Open University, carried out by
Md. Farid Ali, bearing ID: 15 3 34 802 025under my supervision. The report or the information
will not be used for any other purposes.

---------------------------------------------
Ms. Adiba Anis
Lecturer (Marketing)
School of Business
Bangladesh Open University
Gazipur, Bangladesh

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 DECLARATION OF STUDENT

I am Md. Farid Ali, the student of Master of Business Administration bearing ID: 15 3 34 802
025from Bangladesh Open University, would like to declare here that the Master Paper on
“Implementation of Supply Chain Management Strategy: of A Study on Radiance
Knitwears Ltd.”Has been authentically prepared by me under the intensive supervision and
guidance of Ms. Adiba Anis, Lecturer (Marketing) School of Business, Bangladesh Open
University.

I also declare that the master paper is prepared for academic purpose only and which I have not
submitted for any other degree before.

…………………………………
Md. Farid Ali
ID# 15 3 34 802 025
MBA (Evening) Program-6th Semester
School of Business
Bangladesh Open University
Gazipur

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 ACKNOWLEDGEMENT

At first, I would like to express my deep gratitude to Almighty Allah the supreme authority of
the universe.

I wish to express my thankfulness gratitude to my supervisor Ms. Adiba Anis, Lecturer

(Marketing), School of Business, Bangladesh Open University for her direction, constant and
spontaneous support, efficient supervision and constructive suggestions. I am very grateful to my
supervisor, for guiding me to complete my research paper. I am also highly indebted to her for
the scholarly and constructive suggestion, which was of much assistance to prepare the report on
“Implementation of Supply Chain Management Strategy: of A Study on Radiance
Knitwears Ltd.”

I concede the aesthetic contribution PROF. DR.M. EKRAMUL HOQUE, Director, MBA
(Evening) Program BOU for providing required information and highlighting the existing
“Implementation of Supply Chain Management Strategy: of A Study on Radiance
Knitwears Ltd.”

Finally, I want to give thanks to my parents who gave special attention to me from the very
beginning and during internship program and preparation of the report.

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 Table of Contents

CONTENTS PAG. NO
Letter of Transmittal ii
Supervisors Certification iii
Declaration of Students iv
Acknowledgment v
Table of Contents vi-viii
Executive Summary x
CHAPTER-1: INTRODUCTION 1-6
1.1 Introduction 2
1.2 Statement of the Problems 2
1.3 Rationale of the Study 3
1.4 Objective of the Study 5
1.4.1 Board Objective 5
1.4.2 Specific Objectives 5
1.5 Scope of the Study 5
1.6 Budgets and Time Schedule 5
1.7. Limitations of the Study 6
CHAPTER-2 : Literature Review 7-24
Chapter -3: Methodology of the Study 25-28
3.1 Methodology of the Study 25
3.1.1 Research Design 26
3.1.2 Types and Sources of Data 26
3.1.3 Sampling 26
3.1.4 Techniques of Data Collection 26
3.1.5 Data Processing 27
3.1.6 Data Analysis with Statistical Tools 28
CHAPTER-4 : An Overview of the Radiance Knitwear’s Ltd 29-32
4.1 Radiance Knitwear’s Ltd 29

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4.2 Background of Radiance Knitwear’s Ltd. 29
4.2 Mission and Vision 30
4.3 Code of Conduct 30
4.4 Quality Control and Assurance 30
4.5 Work Place Environment 30
4.6 Workers Welfare 31
4.7 Design and Development 48
Chapter -5: Analysis and Interpretation 34-
5.1 Demand of Raw Materials and Goods 24
5.2 Process flow of the supply chain activities of Radiance Knitwears 24
Limited:
5.3 How each unit is connected and works as an overall supply chain. 36
5.4 Interaction of Supply chain department by other department: 37
5.5 Procedure of receiving of price quotations 37
5.6 Suppliers Selection and Contracts 37
5.7 Price negotiation procedure with different suppliers 38
5.8 Placement Process of an Order 38
5.9 Collect PI from supplier, Check and Send for open LC 39
5.10 List of Banks involved in Radiance Knitwears Limited 39
procurement
5.11 The Procurement Process 40
5.12 Procurement policy. 41
5.13 Making Sourcing Decisions in Practices 42
5.14 The Role of the Safety Inventory in the Supply Chain 44
5.15 Transpiration facilities 45
5.16 Data Analysis and Interpretation 46-52
Chapter -6: Problem Faced by Responds 53-55
6.1 Problem Faced by Responds 54-55
Chapter-7: Summary, Conclusion and Recommendation 56-59
7.1. Summary 57

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7.2 Conclusion 58
7.3 Recommendation 58
References 60
Appendix 61-69
Appendix-1 61
Appendix-2 62
Appendix-3 65
Appendix-4 66
Appendix-5 67
Appendix-6 68-69

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 Executive Summary

RMG sector is one of the biggest and most GDP earning sectors in Bangladesh. Radiance
Knitwears Ltd. basically deals with knitting fabrics and making knit garments. Radiance
Knitwears Ltd is an export oriented knit garment factory. The prime objects are to adopt
advanced technology, machinery and equipment to ensure the highest quality of the product and
modern management system to compete in international market. I have been introduce in the
production process, which brought new dimension in the purchasing, procuring, storing and
maintaining supplies and inventories. The improved transportation and communication as well as
competitors threat has made the industries more challenging and competitive. Thus, the usage
and need for supply chain management are increasing dramatically. Further, global competitions
require the companies’ continuous response to the customer with new products and replace those
that become obsolescence, for these reason companies are combating to find new suppliers and
building strong and long-term relationship with them. Single sourcing is used to guarantee the
supplier sufficient business when the supplier has to make a significant buyer-specific
investment. Once suppliers have been select, contracts have to be structured between the buyer
and each supplier. Supply chains can influence demand by using pricing and other forms of
promotion. Marketing and sales often make the promotion and pricing decisions and they
typically make them with the objective of maximizing revenue. I tried to analyze the
Implementation of Supply Chain Management Strategy on Radiance Knitwears Ltd.

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