Sourcing of Materials for ISML

As take apart of my AMMT program, I extradite effected my three months internship program from a well-known exertion named Viyellatex Group. During my internship period in Viyellatex Group, I know gained legal injuryless knowledge and experience in the field of Supply Chain. So base on my study and experience from the organization I excite completed my internship report on Sourcing of Materials for ISMLViyellatex Group. In this paper I agree move to focus and analyze the core Material Management of ISML and what flesh of value added services they be providing to their Buyer and Supplier.In the report I abide discussed what kind of activities I have done describes in details in Supply Chain Department. Material sourcing, Purchasing & procurement, Inventory, in lodging etc. In the terms of Sourcing I have basically discussed approximately the Executive Search of substantives from the Supplier. In ISML supplier relationship is very confidential. In eccentric person of training I have tried to explain the unalike area of Sourcing. These are on-going price of materials, how to get quality material with a minimum cost. In the methodology I have mentioned 30 population sizing and 7 sample size.In recommendations how the industry can break and also give some suggestions. In this report the problems, scope, limitations and respective(a) analyses are also done. In this report I have also tried to analyze the benefits of these services as well as my learning from the organization. From my individualised view the learning aspect was fruitful and the experience there exit help me in the future. I have learnt many aspects of MM, working with contrastive sections of the company. Mainly working with SCM and Warehouse of the company was a great learning oopportunity.This mearns the in fix upion of this report has been collected from company database and company past get down files. Also data collected from Human Resource Manual and textbooks from va rious libraries. Primary data abbreviation For the main prospect of my report I have decided to use primary data analysis. For this I have structured a small survey using the descriptive investigate design in the perspective of Material Management department of the company. I also interviewed my supervisor Monowar Hossain, Head of Material Management, ISML. The explore itself is both the salmagundi of Quantitative & Qualitative researchIn the qualitative part it is an unstructured, exploratory research methodology found on small samples indented to depart insight and understanding of the Material Management departments aactivity. plainly in case of qualitative side I have utilise structured questioner method and used standard sample size from the population of the whole Material Management department. As I have mentioned before the research design I have used in this analysis is Descriptive Research Design Under descriptive research design we know there are two types of m ethods are ordinarily used they are . Survey method 2. Observation method For my analysis I have used the survey method. This method works by obtaining information base on questioning of respondents. Respondents are asked a vvariety of questions regarding their behavior, intentions, attitudes, consciousness and motivations. Question are basically asked either Verbally or in writing or both in same time. In this case I have decided to use the structured questioner format and asked the questions both verb ally and allowed them to write the aanswers.I followed also the observation method, where I have learned many things by the official environments and colleagues. Observation also based on person-to-person experiences shared by the fellow in the Group. 1. 3 Scope The report is totally based on material wariness I mean supply chain management. We know its a department of ISML. Here Ive discussed about all the materials for manufacturing garments I mean manufacturing a shirt. I als o discussed about producing company of all that materials. I mentioned their price and competitive price in the market.I include here both global and local supplier company. 1. 4 Limitations The study is undertaken considering ins and outs of the Material Management practices based on the Supply Chain Management of Interfab Shirt Manufacturing Ltd. and on personal experiences shared by the fellow in the Group. Personal biases and inconsistencies in the MM Manual with the current practices may be possible setbacks. A relatively short period of internship may also be a yard to possibly overlook certain Misunderstandings or unfound details that may be of valued importance. Unavailability of data could be referable to engagement of the current employees in Viyellatex Group. Experienced employees could have provided the required data. ? A good digit of entrepreneurs are themselves ignorant about using the MM policies not whole to source materials, but also to purchase and procure them. Due to shortage of time and oopportunity collected data could not be possible to equality with the data from other entrepreneurs. ? Data collection was complicated due to high up turnover rate. Turnover ratio calculation was not possible due to poor record keeping. CHAPTER-2