IN PARTIAL FULFILLMENT OF THE POST GRADUATE DEGREE
"MASTER OF FASHION MANAGEMENT (MFM)”
For Assignment submission
For the subject
SUPPLY CHAIN AND VALUE CHAIN AND OPERATIONS
RESEARCH
Under the Supervision of
Dr. A. Sasirekha
Assistant Professor
Submitted to
Department of Fashion Management Studies (FMS)
National Institute of Fashion Technology (NIFT) Rajiv Gandhi Salai, Taramani Chennai, PIN – 600 113 Ph. 044-22542771, Fax: 044-22542763 Web: www.nift.ac. Performance Appraisal Conclusion Through this assignment, I got to know about how we need to maintain a minimum of inventory. Also, as the supply chain includes manufacturers and then distributors and the wholesalers, so my order would take time to process and it's not necessary that I will get the whole of order at once. So predicting the situation I need to maintain my inventory. The different levels or groups in supply chain are important and interconnected. Each group has control over only a part of the supply chain, but each group can influence the entire chain by ordering too much or too little. Further, each group is influenced by decisions that others are making. There lies much importance of information sharing, supply chain management and collaboration throughout a supply chain process. Due to lack of information, suppliers, manufacturers, sales people and customers often have an incomplete understanding of what the real demand of an order is. Further, we can also see the coloumn of cost which helps us keep the accumulated cost as low as possible in the end.
Transitioning into New Manufacturing Paradigm: To Succeed in the Customer Centric Business Environment—Agility, Speed and Responsiveness. “The Lean Manufacturing Enterprise”