Essay regarding Strategic Functions Issues- Textprint Sri Lanka

Ideal Operations Issues

Inventory Administration Issues at Textprint Kemzryn? (PVT). Ltd

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Exec Summary

Textprint PVT. Limited. is a joint venture between CONTUDO Holdings of Sri Lanka and TextprintSA of Spain. The business operates from its factory in Thulhiriya Sri Lanka doing textile printing adding the latest systems. It has arrive to notice that Textprint includes a high inventory holding costs and this got led to capital being tangled up.

In this file we examine the two courses that are at this time in operation in the Textprint flower (Rapid Software and Periodic Programs). The way the current products on hand management practices affect Textprint's supply chain objectives and exactly how reducing inventory holding costs would advantage Textprint are discussed in depth.

In conclusion, numerous recommendations including introducing Seller Managed Inventory (VMI) and the strict intro of Initially In Initially Out (FIFO) inventory procedures are released. It is also recommended to introduce adjust inventory technique to Textprint's seasonal system.

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Contents

1 . zero Introduction.............................................................................................................. 6th 1 . 1 Introduction to inventrory management............................................................... several 1 . 2 Introduction to Textprint Lanka (PVT) Ltd......................................................... six 1 . installment payments on your 1 Review of MAS Holdings.............................................................................. 7 1 . 2 . a couple of Overview of Textprint Lanka (PVT) Ltd.......................................................... 8 2 . zero Operations issue analysis......................................................................................... 9 2 . one particular Current process at Textprint Lanka...................................................................... being unfaithful 2 . a couple of Identification from the inventory concern currently encountered by Textprint Lanka.......... 14 2 . a few Impact on operations performance targets.................................................... 12 3. 0 Tips.................................................................................................. 13 a few. 1 Vendor-Managed Inventory (VMI).................................................................... 13 several. 2 Initial in initial out method (FIFO).......................................................................... 16 3. several Adjusting products on hand for periodic projections..................................................... 12-15 4. zero Conclusion............................................................................................................. 12-15 References

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1 ) Introduction

In today's competitive world, operations and process managing in agencies has become a vital factor in growing capabilities to increase the future competitive advantage. When analyzing the activities which take place in an organization, the application of process point of view is noticeable and it can provide in three levels (Slack, 2012);

п‚·

п‚·

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The level of operation

The supply network

The individual process

Throughout taking care of all previously listed processes, an important impact is created by 4 characteristics of demand which can be identified as quantity, variety, variance and awareness (4 V's of processes). When discussing the process perspective in the standard of the supply network context, five operations overall performance objectives which can be quality, velocity, dependability, overall flexibility and expense are required to fulfill the appropriate levels. The supply sequence management involves main capabilities such as capacity management, products on hand management and resource planning and control and slim synchronization which usually perform a active interrelated role. Thus, the importance of inventory management in a business business can be pointed out from the subsequent model (Slack, 2012);

IMMEDIATE

Steering businesses

and method

DESIGN

DEVELOP

Shaping procedures,

products and services

Enhancing the...

References: Slack, And., Brandon-Jones, A., Johnston, Ur. and Betts, A. (2012), Operations and Process

Managing, 3rd Ed

Masholdings. com, (2014). NO ENTANTO Holdings | Change Can be Courage - The number one distributor of

close wear and active have on including sports and swimming apparel in Sri Lanka and South Asia.

Masholdings. com, (2014). Cloth Printing-Textprint. [online] Available at:

http://www.masholdings.com/fabric/fabric_printing.php [Accessed 18 Sep

Herath, E. P (2014). Operational process analysis in inventory supervision at Textprint Lanka

(pvt) Ltd.

Supplychaininsights. com, (2014). First In, First Away - Source Chain Information Wiki. [online]

Available at: http://supplychaininsights.com/sciwiki/index.php?title=First_In,_First_Out

[Accessed 17 Sep. 2014].