Chapter 08: Analysis and Findings

Analysis and Findings

Procurement Strategies: Based on the information that is currently available, Seven Rings

Cement exhibits strong procurement strategies. Through supplier diversification, they reduce the

dangers that come with relying just on one source. They also appear to get into strategic alliances

that provide advantageous conditions and guarantee a steady supply chain. One of the company's

core advantages is its skill at successfully negotiating and upholding supplier agreements.

Production Procedures: Based on the information at hand, it appears that Seven Rings Cement

makes investments in cutting-edge production techniques. They emphasize automation and

cutting-edge machinery, which improves production efficiency. Quality control, predictive

maintenance, and real-time monitoring are made possible by IoT integration in their production

processes. This technology integration lowers production downtime and guarantees consistency

in product quality.

Inventory Control: It looks like Seven Rings Cement uses advanced inventory control methods.

They optimize inventory levels by using tools for demand forecasting and data analytics. By

preventing overstocking and stockouts, this optimization lowers carrying costs and guarantees

that supplies are available when needed. Profitability and cash flow are improved by an effective

inventory turnover rate.

Distribution Networks: An orderly distribution network is suggested by the data. For effective

logistics, Seven Rings Cement makes use of technology, such as GPS tracking and route

optimization software. Lead times are reduced and client satisfaction is increased with the use of

real-time tracking solutions. Their distribution operations are further streamlined by their

emphasis on regional distribution hubs that are strategically placed close to important markets.
Collaboration and Communication: Based on the information at hand, Seven Rings Cement

appears to place a high value on open and honest communication. They cultivate trust and

dependability by keeping solid ties with distributors and suppliers. Rapid reaction to changes in

the market is made possible by open channels of communication and real-time data sharing.

Their supply chain activities operate more efficiently as a result of this cooperative strategy.

Sustainability Practices: Based on the information at hand, Seven Rings Cement appears to be

dedicated to sustainability. They use energy-efficient technologies and alternative fuels, among

other eco-friendly practices. Their adherence to environmental rules and the ethical sourcing of

raw resources demonstrate their dedication to social responsibility. These programs not only

support the objectives of global sustainability but also improve the company's reputation.

Challenges and Adaptation: It's reasonable to presume that Seven Rings Cement, like any

business, experiences market volatility and regulatory complications, even though specific

challenges may not be highlighted directly in the data that is now available. Overcoming these

obstacles would mostly depend on their capacity to adapt, maybe by investing in flexible

production methods or diversifying their sourcing areas.

Integration of Technology: According to the statistics, Seven Rings Cement incorporates a

number of technologies within their supply chain. This probably incorporates blockchain for

transparent transactions, GPS and RFID technologies for logistics, and Internet of Things sensors

for production monitoring. Using these technologies improves the supply chain's overall

efficiency, visibility, and traceability.

Chapter 09: Conclusion & recommendation

Conclusion:
Certainly, Seven Rings Cement excels in supply chain management in Bangladesh by

strategically positioning itself in the cement sector. Through clever procurement, strategic

partnerships, and diverse supplier relationships, the company ensures a stable raw material

supply, enhancing cost efficiency and operational stability. Investments in cutting-edge

technologies, like IoT devices, showcase their commitment to operational excellence. These

technologies enable predictive maintenance and demand forecasting, minimizing downtime,

reducing costs, and ensuring consistent product quality. In inventory management, data analytics

and demand forecasting prevent overstocking and stockouts, optimizing stock levels. Efficient

distribution networks, aided by GPS tracking and route optimization, reduce lead times, enhance

customer satisfaction, and guarantee timely deliveries.

Furthermore, Seven Rings Cement's proactive adoption of technologies such as blockchain and

IoT devices demonstrates their adaptability and resilience, enhancing supply chain efficiency and

agility. Their dedication to sustainability, ethical sourcing, and eco-friendly practices not only

align with legal standards but also enhance their brand reputation, showcasing a commitment that

goes beyond compliance.

In essence, Seven Rings Cement stands out as a shining example of supply chain brilliance,

setting industry standards through a holistic approach that integrates technology, strategic

partnerships, efficient communication, and sustainability.

Recommendations:
1. To lower the cost of raw materials, members of the supply chain should exchange all

information.

2. Roll out a mobile e-crane for raw material loading and unloading.
 3. Creating designs with the highest level of quality and dependability from the start

4. Data interchange among manufacturers, transporters, and suppliers.

5. Outsource the transportation infrastructure to reduce delivery risk and expense

6. To adapt quickly to end users' needs in accordance with SCM

7. Improved client support to have a stronger edge over competitors.

8. Establish benchmarks and goals for the logistics process to outperform competitors in

terms of cost, quality, and risk management.

Reference:
https://www.bcma.com.bd/members/seven-rings-bd-ltd

https://sevenringscement.com/

Logistics Management in Cement Manufacturing Industry/https://dspace.bracu.ac.bd/