Journal of Business and Economic Development

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Impact of Product Nature on Supply Chain in the Global Market: An Analysis of Bangladeshi RMG

Received: 15 September 2016    Accepted: 08 October 2016    Published: 29 November 2016
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Abstract

Globalization and easy access to market have made the supply chain management process competitive with the demand of providing modern products at the shortest possible time. The product life-cycle is decreasing tremendously with the ever increasing demand of varieties ofproducts. Ready made garment (RMG) has occupied more than 75% of export earning of Bangladesh and in the coming days supply chain management will be the key to meet more competency in the market place with the ever-increasing competition. In the supply chain management, necessary of Import, managing inventory, moving products across borders, managing margin of safety, maintaining economic Order Quantity (EOQ) and outsourcing are very crucial. In Bangladesh, the organization managing good supply chain andmanaging appropriate forecast of demand are expanding. This paper deals with the importance of supply chain management with appropriate forecast of Products nature to accelerate growth and expansion of market of RMG industry of Bangladesh.

DOI 10.11648/j.jbed.20160101.13
Published in Journal of Business and Economic Development (Volume 1, Issue 1, November 2016)
Page(s) 14-24
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Supply Chain Management, Nature of Products, Lead Time, Growth, Market

References
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Author Information
  • Department of Management, University of Dhaka, Dhaka, Bangladesh

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  • APA Style

    Md Habibur Rahman. (2016). Impact of Product Nature on Supply Chain in the Global Market: An Analysis of Bangladeshi RMG. Journal of Business and Economic Development, 1(1), 14-24. https://doi.org/10.11648/j.jbed.20160101.13

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    ACS Style

    Md Habibur Rahman. Impact of Product Nature on Supply Chain in the Global Market: An Analysis of Bangladeshi RMG. J. Bus. Econ. Dev. 2016, 1(1), 14-24. doi: 10.11648/j.jbed.20160101.13

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    AMA Style

    Md Habibur Rahman. Impact of Product Nature on Supply Chain in the Global Market: An Analysis of Bangladeshi RMG. J Bus Econ Dev. 2016;1(1):14-24. doi: 10.11648/j.jbed.20160101.13

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  • @article{10.11648/j.jbed.20160101.13,
      author = {Md Habibur Rahman},
      title = {Impact of Product Nature on Supply Chain in the Global Market: An Analysis of Bangladeshi RMG},
      journal = {Journal of Business and Economic Development},
      volume = {1},
      number = {1},
      pages = {14-24},
      doi = {10.11648/j.jbed.20160101.13},
      url = {https://doi.org/10.11648/j.jbed.20160101.13},
      eprint = {https://download.sciencepg.com/pdf/10.11648.j.jbed.20160101.13},
      abstract = {Globalization and easy access to market have made the supply chain management process competitive with the demand of providing modern products at the shortest possible time. The product life-cycle is decreasing tremendously with the ever increasing demand of varieties ofproducts. Ready made garment (RMG) has occupied more than 75% of export earning of Bangladesh and in the coming days supply chain management will be the key to meet more competency in the market place with the ever-increasing competition. In the supply chain management, necessary of Import, managing inventory, moving products across borders, managing margin of safety, maintaining economic Order Quantity (EOQ) and outsourcing are very crucial. In Bangladesh, the organization managing good supply chain andmanaging appropriate forecast of demand are expanding. This paper deals with the importance of supply chain management with appropriate forecast of Products nature to accelerate growth and expansion of market of RMG industry of Bangladesh.},
     year = {2016}
    }
    

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    T1  - Impact of Product Nature on Supply Chain in the Global Market: An Analysis of Bangladeshi RMG
    AU  - Md Habibur Rahman
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    AB  - Globalization and easy access to market have made the supply chain management process competitive with the demand of providing modern products at the shortest possible time. The product life-cycle is decreasing tremendously with the ever increasing demand of varieties ofproducts. Ready made garment (RMG) has occupied more than 75% of export earning of Bangladesh and in the coming days supply chain management will be the key to meet more competency in the market place with the ever-increasing competition. In the supply chain management, necessary of Import, managing inventory, moving products across borders, managing margin of safety, maintaining economic Order Quantity (EOQ) and outsourcing are very crucial. In Bangladesh, the organization managing good supply chain andmanaging appropriate forecast of demand are expanding. This paper deals with the importance of supply chain management with appropriate forecast of Products nature to accelerate growth and expansion of market of RMG industry of Bangladesh.
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