An AHP Based Approach to Identify and Eliminate Most Severe Risks of the Internal Supply Chain of Ready Made Garments (RMG) Industries: A Case Study
International Journal of Economics, Finance and Management Sciences
Volume 5, Issue 3, June 2017, Pages: 168-172
Received: Mar. 23, 2017; Accepted: Apr. 19, 2017; Published: May 23, 2017
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Authors
Pritom Kumar Mondal, Department of Industrial Engineering and Management, Khulna University of Engineering & Technology, Khulna, Bangladesh
Md. Habibur Rahman, Department of Industrial Engineering and Management, Khulna University of Engineering & Technology, Khulna, Bangladesh
Md. SanoarHosin, Department of Industrial Engineering and Management, Khulna University of Engineering & Technology, Khulna, Bangladesh
Prohlad Sarkar, Department of Industrial Engineering and Management, Khulna University of Engineering & Technology, Khulna, Bangladesh
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Abstract
Risk is a basic term for any decision making framework which can be defined as a probability or threat of damage, injury, liability, loss, or any other negative occurrence that is caused by external or internal vulnerabilities. For having a wide range of risks, Ready Made Garments (RMG) sector faces different difficulties in accomplishing their missions and goals. This paper has identified different risks associated with internal supply chain of the RMG sector. To achieve the expected outcome from this study, a renowned apparel factory named TALISMAN (BD), a branch of FCI GROUP, has been visited. 58 risks in 11 different departments have been identified by discussing about the process with the experts and experienced personnel of those departments along with the previous historical data of that factory. Analytical Hierarchy Process (AHP) has been used to identify the most severe risk of each department. Some corrective actions have also been suggested to eliminate the most severe risks of all department to enhance the overall efficiency of the supply chain.
Keywords
Ready Made Garments (RMG), Analytical Hierarchy Process (AHP), Root Cause Analysis, Criteria, Risk
To cite this article
Pritom Kumar Mondal, Md. Habibur Rahman, Md. SanoarHosin, Prohlad Sarkar, An AHP Based Approach to Identify and Eliminate Most Severe Risks of the Internal Supply Chain of Ready Made Garments (RMG) Industries: A Case Study, International Journal of Economics, Finance and Management Sciences. Vol. 5, No. 3, 2017, pp. 168-172. doi: 10.11648/j.ijefm.20170503.15
Copyright
Copyright © 2017 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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