Lead Time Optimization of RMG Sector Supply Chain in Bangladesh

Abstract

Bangladesh is home to a number of manufacturing sectors with the highest market shares mainly occupied by these sectors, such as, Ready Made Garments (RMG), manufacture of textiles, manufacture of non-metallic mineral products and the manufacture of food products. Among these sectors RMG sector earned the title as the highest market share (48.8%). According to the latest reports published by BGMEA, Bangladesh is now home to 4621 RMG factories with RMG exports accounting for 84.2% of the country’s total exports. In FY 2018-19, the value of RMG exports accumulated 34133.27 million US$. The main apparel items which the country exports include shirts, trousers, jackets, sweaters and t-shirts. In order for the production stage of the country’s lucrative RMG sector to function properly a minimization of lead time is imperative. In this paper we will discuss the management of lead time analysis in order to make the production process of the garments sector to function properly. We will be discussing the implementation of methods and strategies to minimize lead time and management processes of an efficient and sustainable supply chain of the garment sector.