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

摘要

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 of products. 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.