A Report on Four Knti Wear

7/31/2019 A Report on Four Knti Wear

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INTRODUCTION

1.1Introduction1.2Backgroundofthestudy1.3Statementofthestudy1.4Objectivesofthestudy1.5Scopeofthestudy1.6Reviewoftherelatedliterature1.7Rationalityofthestudy1.8Limitationsofthestudy

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ABSTRACTInternshipprogramisanintegralparttofulfillmentofBBA(Hons.)

degree in Islamic University. This program is actually ajuncture ofacademicandprofessionallifedealings.ForcoordinatingmyinternshipIwasplacedinagarmentsandmytopicisMerchandising SystemofFourKnitWearLTD.Merchandisingismostimportantfortextilesector. A textile company fully depends on its merchandisingdepartment. A good merchandising system or process can easilyimprove the quality of a product that very much choice able to thebuyer.After analyze and investigate the merchandising system FourKnitWearLtd,Iwasfinallypreparedthisreport.Idevotedmyutmosteffort and attention to learn the merchandising system of thecompany.

I have rendered my all knowledge to present this report on theMerchandising System Of Four Knit Wear Limited. In this study,it is shown that how this company conducts their presentmerchandising system and whether there are any problems in themerchandising system of this company. From the study of theMerchandisingSystemofFourKnitWearlimited,itisfoundthatthecompanyrearpotentialitytodeveloptheirmerchandisingsystem.

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1.1 INTRODUCTION:

B.B.A. (Hons), department of Accounting and information systems in the finalexaminationintroducedinternshipprogramunderthesupervisionofrespectableteachers.And in this research the selected organization is Four knit Wear Ltd. Located atPathantoli, Godgonail, Narayangonj, for the selected research subject and me ismerchandisingsystemofFourKnitWearLimitedCompany.SoIampayingspecialattentiononmerchandisingsystemofthecompany.InBangladesh,thefutureofgarmentsindustriesisbrighterintheeraofglobalization.UltramoderntechnologyarebeingusedinthewovenandknitgarmentindustriesintheoutsideworldotherthanBangladesh.Tosurviveinthefreemarketoftheworld,wehavetouseworldstandardlatesttechnologyinourreadymadegarmentsector.ThereportwillmainlyfocusonthemerchandisingsystemofFourKnitWearLimited,Narayangonj.The study will cover the practice, procedures and technique followed by themerchandiser in the preparation of order to shipment in Four Knit Wear Limited.Bangladeshisadevelopingcountry.Thedevelopmentandprogressofthecountrylargelydepend on export performance. In case of Bangladesh, among the export sector, theready-madegarmentsarethemainearningsourceofforeigncurrency.Inthegarmentandtextileindustry,merchandisershavebeenplayingavitalrolefortheexecutionofexportorders. There are large numbers of merchandising personnel who are working in thegarmentandtextilesector.Atlast,themaingoaloftheresearchwastoanalyzethefollowingsubjects: Thesystemofmerchandisingof FourknitwearLtd. Inefficiencyorweaknessofmerchandising(ifany). ThepresentmerchandisingsystemofBangladesh. DevelopmentofmerchandisinginBangladesh. Skillsandnecessaryrecommendationforachievingorganizationalgoal.

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1.2BACKGROUNDOFTHESTDUY:In the without the practical knowledge, theoretical knowledge is valueless. From thispoint of philosophy department of Accounting of Islamic University, kushtia hasintroducedaninternshipprogramwithaviewtoachievepracticalknowledgeassociatewith

the

different

fields

of

business.

So

after

academic

education

this

internship

program

wasgreatopportunityformetoseetherealbusinessworld,acquirepracticalknowledgeandtobeasmarterworldbusinessprofessional.ForthisreasontodomyinternshipinFourKnitWearLimitedagarmentindustryIcommunicatewithaforwardingletterthatwasissuedbytheDepartmentofAccountingofIslamicUniversity,kushtiawithmycurriculumvita.IamverymuchgratefultotheauthorityofFourKnitWearLimitedforgivingmetheopportunityofdoingmyinternshipinthisorganization.

1.3STATEMENTOFTHESTUDY:

ThestudywilldisclosepresentscenarioofmerchandisingsystemandPracticesatFourKnit Wear Ltd. The topic Merchandising of Four Knitwear Ltd. gave me anopportunity to have an exposure to the working environment and on thejobexperienceinmerchandisingofFourknitwearLtd.InBangladeshwespeciallymeansby Merchandising the merchandising of garments. A merchandiser is the mostimportantpersoninagarment.Allworksingarmentsfactoryunderthedirectionofamerchandiser.Somerchandisingisachallengingprofessioninagarmentsfactoryorarea.Ifamerchandisercansshipmenttheproductproperly,thebuyerwillbepleasedonhimandwillgetmoreorderfromthem.SodevelopmentofthemerchandisingprofessionwilldevelopthetextileareaofBangladesh.So,Iselectedthisstudy.

1.4OBJECTIVESOFTHESTUDY:

The main objectives of this study are scrutinize the merchandising system of FourknitwearLtd.Academicknowledgeisnotperfect,practicalknowledgeisessentialwithit.Theobjectivesofthestudyaretogatherknowledgethroughpracticalwork.Itwillfulfilltheexperiencethroughtheoreticalaswellaspractically.SoitisessentialtorapiddevelopmentofmerchandisingofacompanyespeciallyinTextileCompany.Textileis

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the most important area of earning foreign currency. The followings are the mainobjectivesofthepresentstudy: TodefineandevaluatethemerchandisingsystemofFourknitwearLt Toobservetheeffectivenessofmerchandisingdepartment. TofindoutsomeproblemsandlimitationsofmerchandisingofFourknitwearLtd. Tocomparepracticalmerchandisingsystemandwiththeoreticalapproach. Tosuggestsomepossiblemeasurestoovercometheproblems.

1.5SCOPEOFTHESTUDY:There aresomanytextile industriesinBangladesh.Four knitWearlimitedis oneofthem.Itisasmalltextileindustrycomparethanothers.Thereareonlythreemerchandiserworks. Above 230 labors and 40 staffs works. There is no dyeing and printing andembroideringmachine.Thestudydoesnotcoverdyeing,printingandembroideringarea.

1.6REVIEWOFRELATEDLITERATURE:IamthefirstpersonwhohasdoneinternshiponmerchandisingsystemofFourKnitWearLtd.Butsomeotherpersonswhohavedoneinternshiponmerchandisingsystemofothercompanythataregivenbelow:Sheikh Md. Rasel (2005) in the study conducted on ELEGANT TEAMDEVELOPMENT LIMITED tried show that how this buying house conducted theirpresent merchandising system and what steps have to take for the development ofmerchandising system of this company. Sheikh Rasel study covers only marketingmerchandising.Mystudyonlycoversproduction-merchandisingsystemofthecompany.BecausemarketingmerchandisingiscoveredbytheM.D.andbuyinghouse.

1.7RATIONALITY

OF

THE

RESEARCH:

It appears that merchandising is the most important and essential part of textile. ButunfortunatelyinBangladesh,merchandisingplanningandcontrollingisreportedtobeunsoundincaseofprivatesectorindustrialundertaking.Itindicatesthatmerchandising

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planningandcontrollingisextremelypoorinalltextilesectorslikefourknitwearLtd.InBangladeshwhichinhasadverselyaffectedqualityoftheindividualunits.Sofarourknowledgegoes;thereisnootherstudyonthesubject.Therationalityofmerchandisingsystemisstatedbellow:

1. ToknowproperlyaboutmerchandisingofFourknitwearltd.2. Toimproveproductquality.3. Toreducelead-time.4. Todeveloporset-upBackgroundlinkageindustry.5. Toimproveproductivity.6. Todevelopinfrastructure.

1.8LIMITATIONSOFTHERESEARCH:Actually,IhavenotfacedanykindofmentionableprobleminmyresearchatFourknitWear Ltd. Several levels of officers, employees helped me in several conditions.Though,Ihavefacedafewproblems,whichIshouldmentiontodependontheresearch.Thefollowingsaresomeproblems:

1. The officers of several departments failed to give me enough time for theirbusiness.

2. Themerchandisersoftheyarealwaysbusy,sotheycouldnotsufficientrecords,factsandfiguresarenotavailable.

3. UsuallyCompanyisnotwillingtoprovidetheiractualdataoffinancialstatementbecauseoftheirsecurity.

4. Personalbarrierslikeinabilitytounderstandsomeofficialterms;officedecorumetc.createsafewproblemstome.

5. Fornewlyentranceinthissector.6. Theactivitiesofamerchandiserarenotdocumentarilyarranged.7. Theactivitiesofmerchandiserbearfromfactorytofactory.8. Itisnotpossibletolearnaboutmerchandisingwithin60days.9. Lackofavailableofreburieddata.

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RESEARCHMETHODOLOGY

2.1Descriptionohtheresearchdesign2.2sourcesofdata2.3Datacollectioninstruments2.4MethodologicalAssumption

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RESEARCHMETHODOLOGY

The objective of research is to portray accurately the characteristics of a particularindividual,situationoragroup.Research refers to the systematic method consisting of enunciating the problem,formulating a hypothesis, and collecting the facts or data, analyzing the facts andreaching certain conclusions either in the form of solutions towards the concernedproblemorincertaingeneralizationsforsometheoreticalformulation.Researchistheprocess of gathering, recording and analyzing critical and relevant facts about anyprobleminanybranchofhumanactivity.Itreferstoacriticalandsearchesintostudyandinvestigationofproblem,aproposedcourseofactionahypothesisoratheory.

Research refers to a search for knowledge. In fact research is an art of scientificinvestigation. The research methodology comprises of all activity that carried on inconnectionwithmarketingmanagement.

The purpose of research is to discover answer to question through the application ofscientificprocedures.Themainaimofresearchistofinsoutthetruthwhichishiddenandwhichhasnotbeendiscoveredasyet.

Inbrief,theresearchprocessconsistsoffivesteps: Definingtheproblemandresearchobjectives. Developingtheresearchplan. Collectingtheinformation. Analyzingtheinformation. Presentingthefindings.

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The scientific method, methodologies, model building and cost benefit measures ofvalueofinformationcancreateagoodresearch.

2.1DESCRIPTIONOFTHERESEARCHDESIGN:

Research DesignAresearchdesignisthedeterminationandstatementofthegeneralresearchapproachorstrategyadoptedfortheparticularproject.

MeaningAresearchdesignispurelyandsimplytheframeworkorplanforastudytheguides,thecollectionandanalysisofthedata.Itisablueprintthatisfollowedincompletingastudy.

Acentralpartofresearchactivityistodevelopaneffectiveresearchstrategyasdesign.Thiswilldetailthesuitablemethodofinvestigation.

2.2SOURCESOFDATA:

Collectionoffacts(rawfacts)isknownasdata.Therearetwotypesofdataareavailablebasedonsource.Theseare:

1. PrimarySourcesofData.2. SecondarySourcesofData.

PRIMARY DATA

Thedatacollectedforapurposeorwhentheresearcherinvestigatesaparticularproblemathandisknownasprimarydata.

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Sourcesofprimarydata:Primarydataforthisstudycollectedthroughdirectobservationandpersonalinterviewwithquestionnaire.

SECONDARY DATA

Whenaninvestigatorusesdata,whichhavealreadybeencollectedbyothersforanotherpurpose,suchdataiscalledsecondarydata.Thistypeofdataisprimarydatafortheagencythatcollectedthemforthefirsttime,andbecomesecondarydataforsomeoneelsewhousesthesedataforhisownpurpose.SourcesofSecondaryData:Themajordatahavebeenusedinthisstudyarebasicallyareofprimarydata.Secondarydataforthisstudywascollectedfromtheorganizationandseveralreports.

2.3DATACOLLECTIONINSTRUMENTS:

Directobservationandpersonalinterviewwithquestionnaireisthemaininstrumenttocollectthedata.Bothprimaryandsecondarydatahavebeenusedforthepurposeofthestudy.Theprimarydatahavebeencollectedonthebasisofpreparedquestionnaire.Somesecondary data and information have also been collected from the organization andseveralreports.2.4METHODOLOGICALASSUMPTION: There is no project, which is free from assumptions. For every research someassumptionswillhavetobemadebeforestartingaproject.Theassumptionsaremadeaboutthestudywithrespecttotheorganizationprevailingconceptsandpracticesinthepresentenvironment.Insomecasesassumptionswillbecorrectwhichleadtotheachievementsofgoal.Butincertainothercasesitmaybelimitedbymanysomesituations,thusnotobtainingtheobjectives.

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1. Ithasbeenassumedthatdirectobservationandpersonalinterviewwithquestionnairewould be the easy way for data collection on Four Knitwear Ltd. merchandisingManagement.

2. Ithasbeenassumedthattheresearchmethodology,whichhasbeenadoptedforthestudy,isappropriate.

3.

Ithas

also

been

assumed

that

the

respondents

have

been

given

the

proper

(correct

and

genuine)information.

CONCEPTUALFRAMEWORK

3.1ConceptofMerchandising3.2Responsibilitiesofamerchandiser3.3Qualityofamerchandiser3.4Functionofamerchandiser3.5Whatbuyerslikeordislikeinamerchandiser?3.6Purposesofmerchandising3.7MerchandisingManagement3.8ObjectivesMerchandising

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3.1CONCEPTOFMERCHANDISING: The term merchandising is well known to the person specially involved in

garmentstrade.Thetermmerchandisinghasbeenderivedfromthetermmerchandise.Merchandise means goods that are bought and sold. The term merchandiser may bedefined as the person who merchandises the goods especially for export purposes.Garments merchandising means buying raw materials and accessories, producingrequiredgarments,maintainingrequiredqualitylevelandexportingthegarmentswithinscheduletimeframe.3.2 MAJOR RESPONSIBILITIES OF A MERCHANDISER ARE GIVENBELOW:

1.Ordersourcing/supplies2.Negotiation3.Production4.CalculatingYarn/Fabricconsumption5.Calculatingcostingoftheproduct6.MonitoringQualityaspect7.Productdevelopment8.LiaisonwithBuyersCustomers&Factory9.FactoryScheduling

3.3 QUALITYOFAMERCHANDISER:From the above definitions we can assume that a person involved in garments

merchandisingneedsawiderangeofknowledgeandskill.

a).Good commandofenglishandadequateknowledge oftechnicalterms foraccurateandefficiantcommunication.

b) Goodknowlwdgeofyarn,fabric,dyeing,printing,finishing, dyeingcolorfastness,garmentsproductionetc.

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c)Clearconceptionoftheusualpotentialquality problemsinthegarmentsmanufacturing.

d)Goodknowledgeoftheusualrawmaterialsinspectionsystemsandgarmentsinspectionnsystems.

e)Knowledgeofthequtasystemusedineachoftheproducingcountries,dutyrate,customregulation,shipingandbankingdocumentationetc.3.4FUNCTIONOFAMERCHANDISER

Whenannexportorderisplacedtoamerchandiser,hehastoschedulethefollowingmainfunctiontoexecutetheexportorderperfectlyintime.

1. Fabricrequirementcalculatiuons.2. Accessoriesrequirementscalculation3. Sourcesoffabrics4. PossibledateofarrivaloffabricsAndaccessoriesinthegarmentsfactory5. costing6. Garmentsproductionplanning7. Preshipmentinspectionschedule8. Shipmentdocument

Allthemainfunctions,mentionedaboveareimportantbuttheprocurementoffabricandaccessories

are

most

important

as

because

there

are

many

technical

parametes

involved,

speciallyinthiusarea,inmostcasescollectionoffabricforthegarmentsisamajorproblem.toprocureafabric,weshouldclearlyspecifythetechnicalspecificationofthefabricduringplacingafabricsupplyorder.3.5 WHATBUYERSLIKEORDISLIKEINAMERCHANDISER? **Whatbuyerslikeinamerchandiser?

1.Goodpresentation:Calculator,Paper,andScaleetc.2.Manner:Mannershouldbepolite,goodBehavior,Smarttalking3.TimeAwareness:Youshouldbepunctual&sincere4.Knowledge: Aboutproduct,yourcompany&aboutbuyers5.SensibilityTotheneeds:Lessening,understanding6.Appearance:SmartDress,Formaldress,andcasualdress

**Whatbuyersdislike?1.Poorsalespresentation

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2.Unacceptablemanner3.Timewasting4.Unsmartappearance5.Poorknowledge

3.6PURPOSEOFMERCHANDISING: 1. Tocollectorderfromthebuyer.2. Toshipmenttheorderintime.3. Tofollowuptheworkingofworker.4. Todeterminetheactualpriceoftheproduct.5. Toimprovethequalityoftheproduct.6. Toincreasethegoodwillofthetextile.7. Toseeknewbuyers.

3.7MERCHANDISINGMANAGEMENT:Merchandisingmanagementconstitutesthemostsignificantpartoftextilecompanies.Acompany starts their activities by starting the activities of a merchandiser. When acompanyreceivesanemailfrombuyer,thentheactivitiesofamerchandiserstartandamerchandiseralwayslookafterallactivitiesfromproductiontoshipment.

1. Receiveemailofthebuyerorbuyinghouse2. Determinetheactualpriceoftheproduct3. Sendsampleoftheproduct4. Ensureagoodqualityofproduct5. Followuptheproductionprocess.6. Monitoringthepayment.

3.8OBJECTIVESOFMERCHANDISING:EfficientManagementofmerchandisingshouldultimatelyresultinthemaximizationofsalesofproducts.Inordertominimizecost

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Stated differently that the objectives of merchandising management consist of twocounter-balancingparts:- To maintain merchandising system for efficient and smooth production and sales

operations. Tomaintainaminimumcosttomaximizeprofitability.Thesetwoconflictingobjectivesofmerchandisingmanagementcanalsobeexpressedintermsofcostandbenefitsassociatedwithinventory.Thattheindustryshouldminimizecostofproductforincreasingmoresalesandmoreprofit.

THEPRESENTSCENARIOOFMERCHANDISINGSYSTEMOFFOURKNITWEARLIMITED

4.1TheMerchandisingsystemoffourKnitWearLimited4.2PaymentMonitoring4.3CompanyNature4.4NameOfTheBuyingHouse4.5NameofBuyersCountry4.6HowtoDetermineCostOfProduct4.7ProductionCapacity4.8MajorsFaultInSewing.

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4.1 THE PRESENT MERCHANDISING SYSTEM OF FOUR KNIT WEARLIMITED:Merchandising is an important task of a textile company. To complete merchandiseractivitiessuccessfullyamerchandiserhastofollowsomeprocedureorsequencethataregivenbelow.Forecasting: Itisanimportanttermformerchandising.Atfirstamerchandiserhaveto

decideinwhattypeproducthewillproduce.Therearevariousproductsintextilesector.Afterdecidingtheproductthenhewillstartforordersourcing.Order Sourcing:Sourcingisatermusetodescribetheprocessofdetermininghowandwhere item will be procedure. It includes the decision on the selecting supplier formaterialprocurementandvendorsforapparelproduction.Thestagesofsourcing:

1. Internet2. Businessdirectory(yellowpages)3.

Advertising

4. Buyinghouse5. AllcountryofEmbassy6. Toexhibition

Factorforsourcing:Sourcingdecisiondependsonsomefactors-1.Productfactor:Style,design,qualitystandard,pricereference,2. Company/vendor factor: Company goodwill, previous history, minimum orderquality,qualitystandard,andserviceability3.Countryfactors:Political:ThepresentpoliticalstabilityEconomical:financial,banking,insuranceetc.facilitiesortaxfreeorothersopportunitiesCultural&language:Intimedelivery,previoushistory,morality,religiousfactor,abilityofspeakingEnglisheducation.Geographical:Distance,transportcost.*Checklist for selecting a vendor/factory:

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Informations: 1.Nameandaddressofthecompany.2.Contactnumberandperson3.Majormarketofcustomers(whichcustomertheydeal)4.Majorproducts,(whichproductstheyexperienced)5.

Capacity

(monthly

or

annually)

6.Physicalsizeoftheplan.7.Numberofemployees8.Financialstatus9.Locationofproduction10.Productionfacilities11.Qualitystandard12.Minimumorderquantity.Negotiation: Its not contest. Its opportunity to establish good working relationship.Whichobtainingagooddeal.Or, negotiation is a stimulating way to arrive at acceptable solution to the need forsomethingwhitheritisaneedtoresolvethedifficultiesortosettleterms.

The aim of negotiation/approachWinWinsolutionBothpartiesarebenefited.

Theskillfornegotiation:1. Discoveringcommoninterestandremovalofpersonalissues.2. Questioningskill3. Listeningeffectively4. Understandingbodylanguage.5. Observationandjudgment.6. Influencingskills

Introducing: Actually merchandiser activities started by introducing with the buyers.Introducingmayoccurbytwoways1.Buyertoseller2.Buyertobuyinghouseandbuyinghousetoseller. Generallytheycommunicatewiththembyemailandtelephoneormobile.Enquiry:Atthetimeofintroducingthebuyersendtheirrequirements,whichincludewhichtypesproducts,heneeds.Theyalsoprovidesamplesize,samplephoto;styleetc.

Source Fabric:Afterreceivingtheenquiryamerchandiserhavetofindfromwherefabriccanbefoundasperbuyersrequirement.Therearetwosourcesoffabric.1.Localsource2.Foreign

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source. BothlocalandforeignitneedstoopenaL/C.Intextilesectorgenerallyback-to-backL/CisusedtocollectFabrics.

Prepare Lab Dipping:Itisanimportantpartofsampling.Ifbuyerwantscolorsizeproduct

then

he

need

to

send

them

for

proper

coloring.

After

that

lab

test

is

send

to

the

buyerforapprove.ForanexampleLetterthatissendtolabisgivenbelow:

Date:ToMr.BabulKnitConcernLtd.Sub:LabDipProgrammedBuyerName:Info-unitedArt:-Zob-3Fabrics-65%Cotton,35%Polyester,S/J180GSM

Gets approval Lab dipping:LabDipconfirmation&maybefitting&workmanshipchanges:1.Startwithdyeingthefabric(ifnecessarystarttestsbulk)2.SendingpreproductionsamplesorsizesetinoriginalfabricwithallalreadyConfirmeddetails.Afterchecking&necessarychanges,theconfirmationoflabels,print.

.Startoflabel,print,andpatchproduction.Order Bulk Fabric Production:Dyeing:Afterthebuyerapproveslabtest,andthensampleissentfordyeing.

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SL# ColorName Pantone/Shade Fabrics Remarks01 Orange 158C


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Fabric Printing:Fabricprintingistheprocessthatappliesasingleormulticolored/designonawhiteofdyedbackgroundfabric,usingtextiledyes.Ifthereisanyneedofprint,thenitissentforprint.

Source Prepare Trims & Accessories: forpreparingaproductacompanyneedvarioustypesoftrimsandaccessories.Theseareverymuchimportantfortextileproduct.Suchastag,pin,scopetapeetc.soitisthedutyofamerchandisertosourcingaccessoriesbeforestartproduction.Develop a Sample:Sampleisthephysicalformofbuyersspecificationorstyle/design.

Afterdrawacacheasampleispreparedforthe buyersandsendstothebuyers.Samplingmaybeintwoways.1.Samplingafterconfirmationprice.2.Samplingbeforeconfirmationprice.ForsamplingamerchandiserneedFabrics,yarn,level,etc.Typesofsample/Stagesofsample:1. 1stpattern:Thefirstphysicalversionofanygarmentasperthe artworkdone bydesignerand/ordeveloper.2.2ndpattern:Usuallydesigner/developeralwaysasksforsomechangestothefirstpattern.Secondpatternismadeaspercomments.2. Salesman sample:Sample is made whenPRICEisconfirmedandordersareon

speculation,usuallyinLsizeinallcolorcombinationsofexpectedor3. Production: It is a reference to the buyer that the bulk is being produced as per

specification. Buyer wants to be assured that correct material is sourced and lineworkmanshipconfirmtothequality.

4. Marketing/Developing sample:5. Counter sample (Based on buyer requirement,) Where first pattern is made on

designersartwork,Countersampleistomakenotondesignersartwork,hastofollowanothersamplegivenbythemerchandiser

6.Fitsample/redtagsample/Prototypesample:SamplesaremadewithactualcolorandmaterialtobewornbythemodelsontheeventofSHOOTINGforcatalog.7.Approvalsample:Inanydiscreteperiodoftime,wheneveritrequiredanyrevisioninthesample,anewsampleismade(sometimesmock-upisworkabletoo)aspernewspecification.ItissenttobuyerforhisAPPROVALoftheconformitythat-therevisionisdonecorrectly. 8.Preproductionsample/sizesetsample/productionsample:Whenmaterialforbulkproductionarrived,factorymakesasamplewiththeactualmaterialandsendstobuyer.

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9.Shippingsample:AsampleiskeptfromeveryPreShippinginspectiontobereferred,ifrequired,aftertheorderhasbeendelivered.Usuallyforanydisputes(e.g.Claim)shippingsampleisimportant.10.Mockupsample:Anypartofthegarmenttomakeforparticularpurpose,notcompletegarment.Sometimesitisnecessarytosendtothebuyeranypartofthegarments,suchassleeve,collar,necketcandsomeaccessories.SWATCH:Swatch is a presentation of all the materials is (Fabric & Accessories) used for anyspecific style/order. Usually small piece of fabric and each piece of accessories areattachedinboardpaperinasystematicmanner.SwatchisveryimportantforproductionlinetomakethecorrectconstructionofagarmentandQCdepartmentensuresit.6. Pricing:Itisthemostimportantfactorforamerchandiser.Amerchandiseristhe

personwhofixordeterminingthepriceoftheproduct.Dealswillbedoneornotistotallydependonthepriceoftheproduct.

Pre-production Sample ApprovalOrdercollect:Ifthebuyersaresatisfiedtoseethesampleofthe.Thenhegoesintoproductions.

Order Follow Up ProcedureJustaftertheplacementoftheorderamerchandiserhastostudytherequirementlaiddownintheordersheet:

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Yarnprice 3.10/kgKnittingprice .14/kgDyeingprice 1.32/kgStanderFabriccost8.84 4.56/dozenCm 3.00/dozenAccessories 2.50/dozenPrint

2.00/dozen

EmbroideryFlatknitcollarandcuffsLycraBankcharge75% .12/dozenCommission0%FOB 16.46/dozen

1.37/piece


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1.Classificationoftest*StudyorderSpecificationDetails*Orderdetails/Styledetails*Quantity*Trims/Accessories*

Delivery

terms

&

Conditions.

2.Monitoringofcontract:*Openingandmaintainingfiles*Distributetheorderspecificationtotherelevantdept.*Samplecontrolling.*Sourcingofsupplies.

3.MonitoringImportprocedures*Bankingprocedures*Customsprocedure*Warehousearrangement

4.ArrivalofpurchasedMaterials*Completionofcustomprocedures*Inspection/Identification*Storingofclothingmaterials

5.Factoryproduction:*Executionoforder*MeetingtheQualitystandards*Checkingworkinprogress

6.Co-OrdinationwithBuyingAgents*Liaisonwithbuyingofficepersonnelforrelatedmanufacturingissues

7.LogisticalanddistributionArrangements*Freightsforwarding(sea/air)

8.FinancialTransactions*FollowupFinalpayment

**Confirmation of the production.1. Onlyifallconfirmationhasbeengiven,theproductioncanstart2. Payattention&specialcaretoallfurtherproductioninstructionfromthebuyer.3. Sendpre-shipmentproductiontobuyer.4. Beforeshipmentinspecttheproductionbybuyersnominee

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5. Shipthegoodswithinshipmentdate.

Production Execution Tracking:A.CuttingtheFabrics: Afterconfirmationofproductionandapproveofthecuttingthefabrics

from

the

buyer,

the

cutting

muster

started

to

cut

the

fabrics.

B.Sewing:Inswingsectionthefinishfabricsaresewing.Therearevarioustypesofsewingmachinethataregivenbelow:1. SNLS(PLAIN)2. DNLS(TWONEEDLE)3. O/L3-6THREAD4. FLATLOCK3,5THREAD5. FEEDOFTHEARM6. MULTITHREADCHAINSTITCH7. CUCLEMACHINE8. CUFFSROLLING9. COLLARTURNIN10.EYELETHHOLE11.EYELETATTACH12.BUTTONHOLE13.BUTTONATTACH14.THREADRE-CONNING15.BLINDSTITCH16.ZIGZAG17.BACKTAPE18.SNAPBUTTONATTACH19.CREASEMACHINE

***Major&Minordiscrepancies&faultsinsewingonGarments:

C. Washing: It is most important factor in textile sector. In different stages ofproduction,variousspotwefoundinproductsthatareneededtowash.Variousspotwefoundinproductsthataregivenbelow:1.Oilspot2.Dirtyspot3.Printspot4.Fabricsspot5.Etc.

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D. Iron:Inironsectionproductsareironingforbetterfinishing.Ironingproductlookssoniceandshines.Forirongenerallysteamboilerisused.Steamboilersomuchusefulforiron.Sometimesironshoesareusedinironforbetteriron.E.Packaging:Packagingmaybedefinedastheactivitiesofdesigningandproducingthecontainer

or

the

wrapper

for

the

product.

Generally

the

packaging

could

be

considered

as

thesilentsellsmanoftheproduct.Whenthegarmentsareexportedtotheinternationalmarket deferent type of instruction should have to be followed by manufacturers.Basicallytheclothingmanufacturerisusingthreekindsofpackages.1.PrimaryPackages:Insertionagarmentintoapolybagisconsideredastheprimarypackageofgarments.Fullvisibilitymakesthecustomertoidentifythecolor,sizeandstyleetc.2.Secondarypackage:Secondarypackageofagarmentcouldbeanotherpolybagorinnercarton.Innercartonormasterpolybagcontaininganumberofgarments,providetraditionalquotationandmakeopportunitiesforsalespromotion.Thiscontainerfacilityofpacknumberofgarmentpertainingtopackinginstruction.A.SolidcolorB.Solidcolor,assortedsizec.AssortedcolorassortedsizeShipping Pack= this refers to packaging for necessary for storage identification orTransportation.SideMark:Cartonno.CartonMeasurement.Netweight(Singleproduct).Netweight(Sixpcsproduct).Grossweight(Fullcarton).MainMark:BuyerName.Consigneesadd.Orderno.Styleno.Color/size/Breakdown.Destination.Etc.CartonMeasurement:3ply(inner).5ply(howmuchpcs),7plyEnsureQuality:Qualityisthemostimportantfactorintextilesector.Buyersalwaysemphasisonquality.Soitisneededtocarealwaysonquality.Aqualityproductalwaysturnsmorebuyers.

ArrangeShippingSample: Shippingsampleisveryimportantforshipment.Shippingsamplemeanstherepresentativeoftheproductthatweproducedforthebuyer.Samplemustberepetitiveaccordingtocolor,size.

Follow- up Export Procedures:Amerchandisermustfollowtheexportproceduresbyhimself.

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4.2PAYMENT MONITORING:AftergettingorderfrombuyerAL/Chavetoopenbythebuyer.L/CmeansLetterofCredit.Itisaconditionalundertakingofpayment.Itisadocumentissuedbyabankonbehalfofanapplicantundertakingtomakepaymenttoabeneficialuptoastatedamountof

moneys

within

aprescribed

time

limit

and

design

stipulated

documents.

TypesofL/C:

1. RevocableL/C:Thistypeofcreditcanbeamendmentorcancelbytheapplicantwithoutonlypriornoticetothebeneficial.Hereallrisksareinvolvesforthesellerbutbuyerhasmoreflexible.

2. Irrevocable L/C: This type of credit ca be amendment or cancel only to theagreementofallpartiesconcern.

3. Irrevocable&ConfirmedL/C:Thistypeofcreditinvolvestheundertakingoftheadvising bank in addition to that of issuing bank .It means that issuing bankrequest a 2nd bank to add its own confirmation to the credit .So that theconfirmationbankisresponsibletomakepaymentiftheissuingbanktopaythebeneficiary.

4. TransferableL/C:ThistypeofL/Cthatistransferableaspertheneed.5. Back-to-BackL/C:ThistypeofL/CcanbeagainstavalidexpertL/C.Master

L/C.Itissomuchpopularintextilearea.**IfweopenaL/Cthenneedsomethingsthataregivenbelow:1. Tradelicense2. MemorandumCertificate3. Membershipcertificate4. IRC5. TIN6. Bondlicense7. Insurance8. FactoryInsurance9. Agreementwiththehouseowner

**L/CExportDocument:1. C.O2. InspectionCertificate3. U.D4. G.S.P

**BenefitsofL/CSellersEnd:1.Withouthavingcashpayment2.Guaranteedbusinesswithoutinvestinganycashinvolvement3.RiskfreeBuyersend:

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1. Guaranteedbusinesswithoutinvestinganycashinvolvement2. Withouthavingcashpayment3. Riskfree4. Samewithqualityproduct.Thebuyershouldbeensuredthathewouldgetthe

qualityproduct.Get The Feed Back:

***Theaboveflow-chartsjustanexample.Buyer-to-Buyer itcanbedifferent. 4.3COMPANYNATURE:100%garmentsexportorientedgarments.Itreceivesthebuyerorderandplaceitfactory.Fromreceivingtheinquiryofthebuyerandcontractingthefactorytoshipmenttheproducttothebuyerallactivitieshavedoneit.

4.4NAMEOFBUYINGHOUSE:FourKnitWearLimitedgenerallytakesorderfromdifferentbuyinghouse.These

buying generally work as a middleman betweenbuyer and seller. There are somenameofbuyinghousewhoworkasamiddlemanaregivenbelow:1. AdroitLinker2. CartelAsia3. Babollat4. ClassMarkers5. OrangeTelecom6. T&MFashion7. CaptainFashion

4.5NAMEOFBUYERSCOUNTRY:1. Germany2. Canada3. Italy4. France5. Singapore6.

South

Africa

7. Japan

4.6HowtodetermineCOSTOFPRODUCT:

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Incaseofmerchandising,costingismostimportant.Becausebuyerdealswithcompanyon the basis of cost. If a buyer chooses the price of the product then he deals thecompany.

Rawmaterialcost1.

Machinecost:

Such

types

of

cost

are

not

done

continuously

but

maintenances

cost

is

done regularly. Everyone in the garments has to know about the machine. In thegarmentstherearevarioustypes.Therearemainlytwomachinesforsewing.

A.ElectricOperatedSewingMachineThesetypesofmachinegenerallyoperatedbyelectricpower.Itisalso

calledindustrialsewingmachine.Varioustypesofsuchmachinearegivenbelow:1.PlainMachine:Mostwidelyusedmachineingarmentssectorisplainmachine.

Design---------------------------Top2.OverLockThreeThread:Inthesemachinestherearetwoneedles,twolooperandthreethreads.

3.OverLock4Threadmachine:Inthesemachines,therearetwoneedles,twolopperandfourthreads.

4.OverLockFiveThread:Inthesemachines,therearetwoneedles,twolooperandfivethreads.

5. Twoneedlemachine:Itisaslikeasplainmachine.6. Flatlocksthreethreads:Therearetwoneedlesandoneinthismachine.7. Flatlockfivethreadmachines:8. Kanchaimachine:Itisthemostpowerfulmachine.9. Zigzagmachine:Itisforarrowsewing.

10. Bartackmachine.11. Backtapemachine:12. Blindstitchmachine.13. Buttonholingmachine.

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14. Buttonattachingmachine.15. Eyeletholingmachine.16. Snapbutton-attachingmachine.17. Spotremovermachine.18. Steamiron.19.Callertopturningmachine.20.Cylindersbedmachineplenty.

A.ManuallyOperatedSewingMachine

Laborcost:Thiscostoccursduetoshortageofinventory.Duetostockoutscustomersmaybelost,goodwillofthefirmmaybehampered,asaresult,salesmaybedecreasedandfirmscanfacelosses.Itisaveryarduoustasktodeterminesuchtypeofcost.

2. Managementcost:Managementcostmeanscostofofficemaintenance.3. Fabricscost:ItisthemainrawmaterialsofFourknitwearLtd.SoFourknitwear

Ltd.collectitfromthesuppliers.

***Howtorecognizetheinternational fabric.1. Cottonmesh:Itist-shirtcloth.2. Twill: Ithasstripinitsupperside.3. Cottoncanvas:Itisahardcloth.Itsstructureis10*10/84*45.Ithasnotripweave.Its

structureaslikeasboxstyle.4. Poplin:Itsweavestructureaslikeascottoncanvas,butitisthin.5. Rib: Itisusedforpoloshirtcollar.

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6. Polyesterpolarfleece: Itisusefulforwinterseason.7. CVCOxford: Itsthreadisgenerallyequal.8. Cottonyarndyedcheck:Itisacottoncheckfabric.Itisdyeingbeforeuse.9. Tulsan:Itis100%nyloncloth.Itisapoplinweave.10.Debbyweave:11.Satin12.Sateen:13.Check&Plaids:Itssewingisaslikeascheck.itsmallrepeatsarecalledchecks,big

repeatsarecalledplaids.14.Calices:Itis100%cottonpoplinweave.15.Denim:Itisahardfabricandtwillstyle.

FABRICBOOKINGSHEET:Confirmationdate:1.2.10

ParameterofFabricQuality

28

Buyer:INFOUNITED INFOUNITEDVSJobNo. :INFOUNITED Orderquantity:1000 Pcs.Style/orderno.:zobno-02 Averagecons/doz: 4.016dzItem:menspoloshortwithshortZipper l/cstatusCuttingTarget;5%Packinginstruction

Shrinkage 3-4% shadeMatching 2-3%Final GSM onGarments

180 Wash fastness

at40

c

4-5

Final GSM onfinishFabric 175-180 Wet rubbingfastness 4-5Typeofyarn 24,S,CVC Dry rubbing

fastness4-5


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4. Accessoriescost:Atextilecompanyneedsvarioustypesof Accessories.Suchas5. SewingAccessories:

A.Sewingthread:

Date:ToJ.N.AccessoriesAttention:Mr.Sharma

FromFourKnitWearLtd.Sub:Work order for sewing Thread.Buyer:InfounitedOrderno:02OrderQty:1000PcsPrice-30tkforcolorcone,28tkforWhitecone.

Note-shouldbegoodEnigma,Mom,andSilicon

29

Description ofFabric

65% cotton,25% polyesterS/J (doubleDyeing)

Sportily offabric

3%(max)

Source of hadeMatch

Tobeavoided

SL.No. Color Qty Quality Swatch Remarks01 Orange 56Cone 50/2 Sewing

thread


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Thanks&B/Rgds

B. Label1.

Label

name:

CareLabelMainlabel

SizelabelHamlabel

2.LabelfabricWovenPrincesRibbon

3.Compositelabel:CareSizeShellLiningAttachment:FlatlabelLoopLabelFlaglabel

C.NeedleD. MarkerChalkE. PencilF. RipstapeG.SecuritytapeH.TwilltapeI. ZipperJ. Button:1. PlasticButton2. ChalkButton3. WoodenButton4. SnapButton5. DecorativeButton6. NylonButton7. MattelButton8. HornButton

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9. RingButtonK.SewinghatredL. BrasspinM.ButterflyN.

Velcro

tape

O.

FinishingAccessories:1.Hangtag2.Lockpin3.Poly:

Polyrawmaterial:P.P.=Polypropylene,P.E=Polyethylene

Size of polyA. PcspolyB. HangerpolyC. BlisterpolyD.Masterpoly

4.Gumtape5.Scootstape

6. Carton:A.Plyofcarton:2-7

B. SizeofCarton:innercartonmasterCarton7. Cartonsticker8.Polysticker9.Carton10.AICAAIBON11.Chemical12.Thinner13.Measurementtape14.Cutter15.Hanger16.Elastic17.Markerpen18.Tissiuepaper19.P.Pbelt20.Mattelseal21.Tagpin22.Matelclip

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23.Interlining24.Pading25.Collarbone26.Lace

CuttingAccessories:27.Knife28.GSMBoard29.SunBlade30.GSMBlade31.GSM32.Sizesticker33.NumberSticker34.Pen35.Sapner36.Eraser37.Sesser38.I.nchestape39.Backboard40.NeckboardWashroomaccessories:42.Gflux43.HP44.Talcumpowder45.MAC46.DDPlax47.GFlux+cOthersAccessories:48.Buckles49.Plasticcordstoppers50.Plasticclip51.Pipingcode52.Grosgraintape53.Sipper54.Shoulder55.Drawingsting56.D-ring57.Rivet58.Drawcord

32


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59.Buckle60.Suspender61.Reflectinetape62.Leatherbadge63.Toggle64.

Pocket

flasher

65.Photo66.Interlining67.DockingForbuyingAccessoriesCompanyhavetogiveanordertobuyingAccessories.AnexampleofAccessoriespurchaseorderisgivenbelow:

Date:

Attention_Mr.KamrulTEXPointDhaka.

Subject:AccessoriesBookingforCitroens.ArticleNo:B0002735Orderno:109545

33

Buyer StyleNo

Item Size&Quantity Total RemarksS M L XL XXL 3XL 4XL

ClassMark

Citroen MainLabel

2000

2120Carelabel

2000

2120Sizelabel

105 315

525

525 315 158 158 2101PolyStickerCartonSticker

3 9 14 14 8 4 4 52


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Cotton:Themostimportantelementoftextileisfabricorcotton.Wegetvarious

faultsin

fabric

that

is

given

below:

1. Brokenends/MissingEnd:2. Brokenpicks/missingpicks3. Badselvedges4. Reedmarks/Creasemarks5. Startupmarks

Level:therearevarioustypesoflevel,suchasfashion,main,side,care,securityetc.Zipper:Itisanelementsofactualproduct.Sofinishtheproductproperlywe

needagoodqualityZipper.Thereisvarioustypeofzipper.Variouszippernamesaregiven. 1.Nylon2.Luminum3.Brass4.Nicket5.Plastic6.Mattel.Wecollectthiszipperfromanothercompanyoragentorsuppliers.Wehavetobookingforthiszipper.Wearebookingitbymail.Foranexampleofbookingforzipperaregivenbelow:[email protected]:Mazed,AdroitLinkersBcc:[email protected],wehaveaorder.PleaseseetheinformationofZipper.

A.Size-CMB. ZipperNo-3C. ZipperQuality-nylonZipperD.Quantity-1070Pieces.

Pleasearrange10PiecesofzipperForP.P.Sampleinurgentbasiswithin17/01/10.CollectthezippercolorSwatch&ZipperqualityfromadroitlinkersASAP.WBRMAMUN/SHOHELNote-PriceconfirmbyMr.Mazed$.60perdoz.

34
mailto:[email protected]:[email protected]:[email protected]


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Ifthebookingisaccepted,theywillgiveusaconfirmationletter.Thatisgivenbelow:ToFourknitwearLtd.DearMamun/SohelManythanksfornewBooking.

A.RGSKhalil

PARTOFZipper:1.Tape2.Teeth3.Slider.4.StopperSpiraltype:1.Coilspiral(plasticzipper)2.visioNspiral(brasszipper)Locktype:pine,autoEndtype:open,closeendNumberofzipper:3-12Sizeofzipper:incm,inchFolder:Striker:Embroidery:Aplic:Print:Eyelate:

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4.7PRODUCTIONCAPACITY:Perday15000piecebasicitems.

4.8MAJORFAULTINSEWING:Major Faults1. RatioMistake2. PrintMistake3. SpotontheGMTS4. OilSpot5. DutymarkontheGMTS6. CrisesMarkonGMTS7. ColorShading8. Flatlocktensionloose9. CollarPointup-down10.Labeljointmistake11.CuffjointMistake12.Body&Cuffjointmarking13.Sleeveupdown14.Armorialpointupdown15.Backpart&frontpartupdown16.Deadyoursnowonthebody17.Anycoloryoursnowonbody18.Openseaminanparts19.Buttonstitch20.PocketEngle21.Rejectholeinanyparts22.MeasurementShortanyparts23.Halepointmistake24.Polybagmeasurementmistake25.Assortmentmistake26.Buttonholemistake27.Loosetreadmistake28.Spreadingmistake29.FoldingMistake30.Bodyandcollarjointmistake

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FOURKNITWEARLIMITED:ANOVERVIEW5.1 IntroductionOFFourKnitWearLimited5.2 TheProfileofTheFourKnitWearLimited5.3 ObjectivesofFourKnitWearLimited5.4 ProductsofFourKnitWearLimited5.5 MacroEnvironmentSituationofTheCompany5.6 VariousDepartmentsofFourKnitWearLimited5.7 FacilitiesForStaffAndEmployeesFromFourKnitWearLimited5.8 MajorRawMaterialsOfFourKnitWearLimited5.9 ListofWorkinProcess5.10ListofFinishedStock

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5.1INTRODUCTIONOFFOURKNITWEARLTD:The FOUR KNITWEAR Ltd. is one ofthe qualities Textile CompanyinBangladeshlocatedatPathantoli,Godnail,andNarayangonj.Itcameintobeingin2006atcostofTk.30

million

and

launched

production

in

early

2007.

Fourpartners,in2006andproductionstartedat2007incorporatedFOURKNITWEARLTD.inBangladeshasaprivatelimitedcompany.Bydintofthestewardship,sincereintentiontowintheheartsandmindsofthepopulace,taking the right strategy with quality and price, four knitwear products achieved onupsurge in consumer demand within a short span of time. The company, as a result,expanded by adding Euro based most sophisticated machinery. The total cost of theprojectnowstandsatTk.30million.FOURKNITWEARLtd.occupiesahugepositioninthetextileworldofBangladeshanditsheartandmind-pacifyingfragrancehasspreadovertheforeignterritoriesaswell.Nowtheprojectisfulfillingthelongcherisheddesireof the people of our country by supplying international quality garments and textileproductswithinthecompetitiverangeofprice.Their international standard production unit is equipped with modern quality controlprocedure and microbiological lab with latest technology and a group of topprofessionals. All of the Garments are marketed under the brand name of Fourknitwear. Each stage of production undergoes rigorous testing and quality controlprocess.Thefinishedproductsareagaintestedtoensurethedesiredstandardofqualitybefore placing products in the market. The raw materials and active ingredients ofproductsofFourknitwearLtd.areimportedfromreputedmanufacturesofMalaysia,Indonesia, Italy, France, Germany, Japan, Singapore, England, Switzerland andUSA.Quality comes first keeping this principle in mind; it aims at producing guaranteedinternationalqualitygarmentsforqualityconsciouspeopleofhomeandabroad.

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5.2THEPROFILEOFFOURKNITWEARLIMITED:CorporateHeadquarters: Pathantoli,Godnail,Narayangonj.Factory: .Pathantoli,Godnail,Narayangonj.YearofEstablishment: 2006.Commercialproduction: 2007.Status: PrivateLimitedCompany.BusinessLines: ManufacturingandExportingLadiesandGentsT-

ShirtandpoloshirtDepots: .ExportOutlets: Germany,France,andTurkey.SouthAfrica,CanadaAuthorizedCapitalinTaka :30,000,000.00 .Paid-upCapitalinTaka :20,000,000.00Numberofpartners: :twoStockExchangeListing :No

4.4OBJECTIVESOFFOURKNITWAERLTD:Tomanufacturesandsellhighqualityclothesproductstothepeopleofallagegroupwithin affordable price. No compromise with Quality is the key policy of the TopManagement.Theybelievethat,theyarereasonableandaccountabletoallconcernedwithwhomtheydeal;namely:theiremployees,theirbusinessassociates,theirconsumersandtheirbuyers.

5.4PRODUCTSOFFOURKNITWAERLIMITED:LadiesT-Shirt

1. GentsT-Shirt39


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2. Poloshirt3. Childshortspant4. Ladieshoodedjacket5. Others.

5.5macroenvironmentsituationofthecompany:TodevelopawellrelevantandrationalMerchandisingstrategyamerchandisemanagerhastoanalysisthemacroenvironmentalforcesmaybeamajorvariableformarketingactivity.RemainingtherapidchangingglobalpictureFourknitwearLtd.mustmonitorsixmajorforcessuchas:

DemographicEconomic NaturalTechnological Political/legal Culturaletc.

IntheaspectoffourknitwearLtd.themainmacroenvironmentforcesaretobediscussedasbellow.5.5.1Demographic Environment:Demographyisthestudyofhumanpopulationintermsofsoiree,density,location,agesex, race, occupation and other information. The demography environment is majorinteresttomarketersbecauseitinvolvespeopleandpeoplemakeupthemarkets.

5.5.2Economic Environment:The economic environmentconsistsoffactorsthateffectavailablebuyerrelationandworldeconomicsituation.Totalbuyingsituationdependsoncurrenteconomicpositionoftheworldandpricesofproductandcreditpolicy.TheeconomicenvironmentofFourknitwearLtd.isbetterthanOther.TheCompanyisacceptingthechallengeposedbyachangingworldeconomyuseoftheopportunities.5.5.3Natural Environment:The natural environment involves natural resources that are needed as input use bymarketersofwhichareeffectedbymarketingFourknitwearLtd.useofvarioustypesofchemicalandrawmaterialswhichhasnaturalimpact.

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5.5.4Technological Environment:TechnologyisthemostsignificantfactorintheFourKnitwearLtd.TheFourknitwearLtd.isthemostmoderntextileCompanyintheAsiapacificregion.Thetextilecompanyuseofthemostadvancedandhightechequipmentfromworldsleadingmanufactures.Keya

Cosmetics

Ltd.

has

used

very

latest

and

computerized

modern

technology.

Technologicalenvironmentsupportothermachineofthiscompanyare-

The company has a completely self sufficient infrastructure with thecompletepowersteamrefrigeration,compressedairandwaterrequirementsforoperationgeneratedinhouse. Chemicalandwaterwasteiscleanedinamoderneffluenttreatmentplantcomplyingwiththemoststringentinternationalstandards.

5.5.5Political and legal Environment:Merchandising division is strongly affected by the development of political and legalenvironment.Theenvironmentiscomposedoflaws,governmentsagenciesandpressuregroupsthatinfluenceandlimitvariousorganizationalandindividuals.5.5.6Cultural Environment:Culturalenvironmentismadeupofinstitutionsandotherforcesthataffectedsocietysbasicvalue,perceptions,preferenceandbehavior.CulturalfactorsareimportantforfourKnitwearLtd.productsbecausetheculturalfactorseffectontextilegoods.

Number of employees1.Staff=452.Productiona.Cuttingsection=14b.Sewingsection=181c.Finishingsection=52

5.6Various Departments of Four Knit Wear LTD:1. Merchandising Department: this department is very much important for everygarmentindustries.Merchandiserisadatabusbetweenbuyerandseller.Merchandisingdepartmentperformtheactivitiesfromcollectingordertoreachestheproductonbuyer.Thisdepartmentisresponsibleforprovidingalltherawmaterialsneededforallkindsofgarmentsproducts.

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3. AccountsDepartment: alltheaccountsoftheorganizationarecontrolledbytheaccountsandadministrationdepartment.Accountantrecordalltheaccounts,calculateprofitsorlosses,preparedfinancialreport

4. Commercial Department: total transportation activities, i.e. Import-export, L/Copen, or any other banking activities performed by commercial department.Commercialsmanagercoveralltheactivities.

5. HumanResourceDepartment:thisdepartmentisverymuchimportantmanagingstaffandemployeeofthecompany.Itlooksaftertheproblemandopportunitiesofthecompanysemployee.

5. Production Department:Underproductiondepartmenttherearevarioussectionsthataregivenbelow:A.Knitting and dyeing section:Itsaprocessoffabricmanufacturebyconvertingyarnintoloopformandthanthese

enter lock/internmesh/inerloop together, which from a structure is called knittingstructure/knittingfabric.Classificationsofknittedstructurearegivenbelow:1.WeeftknittedstructureA.Circularknittinga.Smalldiam/c

1.Endproductb.Largedia

1.Fabricforclothing2.Singlejersey3.Ribcategory4.Doublejersey5.La-coste

B.Flatbedknittinga.HandDriven

1.Drivenmanually2.Canproductlimitdesign?

3.Lowvolumeproduction4.Integratedgarmentnotpossible

b.PowerDriven1.Drivenbypower2.Canproduce3.Unlimited

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4.HighvolumeProduction5.IntegratedGarmentpossible

2.WarpKnittedA.TricotB.Rachel1.

Mesh

fabric

2.Mosquito3.Laces4.PowernetB. Cuttingsection:**QUALITY CONTROL DEPARTMENT:Thisdepartmentalwayscaresonquality.Thisdept.controlbytheQ.C.Managers.Theyverifythequalityasthebuyerindicatestheirorder.Theyauditalltheprocess,pre-productiontopacking&finalaudit.Q.C.processisindicatedprevious.C. Sewingsection:

Tools&equipmentofsewingsectionaregivenbelow:1. Rackforcutfabrickeeping(foreveryline)2. Deskfortrimskeeping(withlockforeveryline)3. Issueregister(oneforeveryline)4. AttendanceRegister(oneforeveryline)5. Drawing/Markingtable(Threeforeveryline)6. Supportingtableforbiggercomponentsoperation(asperrequired)7. Desk (oneforeveryoperator)8. Basket(fivetosixforeachline)9.

Shoe

bag

(one

for

each

operator

&

helper)

10.ToiletCard(oneforeveryline)11.FirstAidBox(foreveryfloor)12. Fireextinguisher(ateverycornerofthefactory)13. Hammer14.Zpunchplunk15.Bigscissors16.SmallScissors/clipper(foreveryoperator&helper)17.Arepuncher/gimlet18. Handneedles19.Bodkin20. Manilaboard/paperboard21. Tailorchalk22.Pencil

D.WashroomE. Ironsection

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F. FinishingsectionG.Storesection

SCHEDULE OF FIXED ASSETS OF FOUR KNITWEAR LTD. (AS ON30.06.2009.

Source:AnnualReportofFOURKNITWEARLtd.(2009)

5.7FACILITIESFOR STAFFS AND EMPLOYEES FROM FOUR KNITWEAR LTD.FOURKNITWEARLtd.isoneoftheprofitablecompaniesinBangladesh.Inviewof

acuteun-employmentsituationofthecountryFourknitwearLtd.givefollowingbenefitstoalllevelofstaffsandemployeeseveryyear: Appointyoung,energeticandfreshindividual:Four knitwear Ltd. had taken bold decision to appoint young, energetic and freshindividualtosolveun-employmentproblemfromthispoorcountry. Overtimefacilities:In

this

organization

the

employees

work

6

days

in

aweek.

Work

starts

from

8

am

to

5

pm.Theworkisperformedatoneshift.Forthatthereisascopetoworkafter5pmto8pm. In this over time period employees getdouble wage. It is a legalsource for theemployeestoearnextra.Thereisalsoabreaktimeforlaunchforonehour. Festivalbonus:

44

Particulars Cost(Taka.)01.Land 4,447,000.0003.PlantandMachinery 6,324,715.00+3,569,777.00(new)04.RenovationofFactory 35,037.0005.FireExtinguisher 132,858.0006.InstallationandErecting 1,176,353.0007.OfficeBuilding 1,217,772.0008.OfficeEquipment 830,907.0009.Furniture&Fixture 1,447,720.0010.Vehicles 10,000Total


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EveryemployeegetsfestivalbonusintwoEid(salaryorwage).Besidethistheyalsogetanotherbonusforextraproductionandpartofprofit. Mentalrefreshment:Everyyearalllevelofemployeegetsthebenefitofyearlypicnicandsportsandculturalprogram.

Trainingfacilities:

FourknitwearLtd.Budgetedanamountfortheskilldevelopmentoftheirselectedstaffsandemployees. Transportationfacilities:Everystaffoffourknitwearlimitedgettransportfacilitiesinofficeworkpurposes. Residentialfacilities:Theorganizationhasresidentialfacilitiesforemployees.Theygethouserentintimeofsalary.Thoughthereprevailsunhealthyatmospheres,butitisbetterthanotherownershiphouse.Medicalfacilities:Thereisamedicalfacilitytoallemployeeofthecompany.Inthiscompanyadoctorteamcometofactorydirectlyformedicalsupport. Firstaidfacilities:Fourknitwear Ltd.hasaprimarymedicalforfacinganykindofunfortunateaccident,whichcostapartofbudgeteveryyear. Researchanddevelopmentfacilities:ThereareabudgetforresearchanddevelopmentofFourknitwearLtd.eachyear.So,anyonecangetanopportunitytoresearchforhis/herskill. Prayerfacility:AtthetimeofprayertheMuslimemployeehavetheplaceforprayerbutothershavenofacility.

5.8MAJORRAWMATERIALSOFFOURKNITWEARLTD:1.Clothes2.Cottons3.Level4.Cartons5.Folders6.Strikers7.

Eye

late

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5.9LISTOFWORK-IN-PROCESS: 1. Cutting:Fabricsarecuttinginthecuttingsectionaccordingtothesizeordesign.In

thetimeofcuttingthefabricsCuttingmasterhavetocheckthefollowingitems.A. ShrinkageB.

Shade

C. GSMandDIAD. KnittingFlatE. DyeingFlat

2. Printing:Aftercuttingthefabrics,differenttypesofprintingmaybeneeded.InFourKnit wear ltd. Printing is done by another party. So for this it needs to order forprinting.

3. Sewing:Insewingsection,cuttingfabricsaresewing.4. GarmentWash:Aftersewingthethreaditneedtowashthefabrics.Itfullydepends

on only the buyers. Since 1978 garment prewashing has become more and morepopular. It began with Denim Joans. The following are different method s ofprewashinggarments:

I. Normal Wash:Washinhotwateraddedwithdetergentsandsoftener.Ifwewishtohavea more pronounced washed look on the garment we should add somesodiumtowash.Dependingonwhatkindoffabrichegarmentsismadeofandhowmuchofawashedlookyouneed.Youshouldadjustthewatertemperature,theamountofdetergentorsodiumandthelengthoftimetowash.tousehotwatertowashhittemperatureabout40.c.

II. Pigment Wash:Pigmentwashisactuallysameasnormalgarmentwash.Pigmentswashneeds50.c-60.ctowash.Sothatthecolorwouldpadmoreevenly.

III. Bleach Wash:Bleachwashissimple;youjusthavetoaddbleachtothewaterinthetumble for washing. However, timing is very important because anygarment over bleached can not be corrected or reversed back to a lessbleachedcondition.

IV. Stone Wash:Theideaofwashingwithporousvolcanicstonesistogivethegarmentastrongandroughwash.Toachievethepronouncedwashedeffectthrough

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abrasion on the exposed areas, such as the seams and pocket corners.Sometimes we add bleach to the wash to make the color fade moreseriously,suchasdenimpermnavytolightblue.*Sizeofthestonesused:Bigstoneswillgivemoreabrasion,smallstonesmild

abrasion;

big

stones

may

damage

the

garment.

If

made

or

light

weightFabricorfabricofweakconstruction.*Stone ratio: Wash with more stones will create the more apparentblue/whitecontrastonthefabricsurface.*Washingtime*AmountofBleach:Ifyouusemorebleach,youcanshortenthewashingtimethereforeinsteadofusingmorebleach.Youshouldusethenormalamount of stone and lengthen the washing time to achieve the colorstandardrequired.

E.Acid Wash:Acidwashisakindofstonewash.Butitconsistsof2steps ,theFirststepistowashwithoutwaterand2ndstepwithwater.WhiteColorinthebluegarmentwhitertoemphasizetheacidwashEffect.

V. Enzyme Wash:Enzymeisakindoflivecell.Weuseittothewashbecausewewantittobreaksomeofthefibersonthesurfaceinordertogivethefabricasoft,sandedorpreachedeffect.

VI. Caustic Wash:Whengarmentsaremadeofthisfabricandreadyforwash,wewillwashthemwithcausticandhotwater.

5. Iron:Productsareironbecauseofmoreshinningtheproducts.ThereIsasteamboilerintheFourknitwearltd.forirontheproduct?

6. Qualitycontrol:AqualitycontrollerCheckproducedproductsarequalifiedornot.Therearetwomainaspectstoconsiderwhendiscussingthequantityofagarment.Theseare

A.Designquality:Design quality is concerned with materials, fit and constructionmethods.B. Manufacturingquality:Manufacturingqualityisconcernedwithdegreetowhichthegarmentproducedagreeswiththesampleorspecifications.Ourtrainingwillbeprovidedmainlyformanufacturingquality.

**Satisfactoryqualitycanonlybeensuredthrough:*Knowingthecustomersneeds*Designingtomeetthem

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*Faultlessconstruction*Certifiedperformanceandsafety*Clearinstructionmanuals*Suitablepackaging*Promptdelivery*

Feed

back

of

field

experience

7. Finishing:Itisallmostthelaststepofproduction.Afairproductisavailablehere.

8. Hangtag:Finishingproductishangedherebythehangtagformarketingproperly.

9. Poly:Itisusedforremainproductneatandcleanandfreefromdust.

10.Cartons/Packing: Afterpolytheproduct,thenitneedstopacktheproduct.Afterpackingtheproduct.Itneedstoattachapackinglist,forexampleofapackinglistisgivenbelow:

SHIPPING MARK:NDECARTON/BOXNUMBERCODEARTICLE/ITEMTALLE/SIZEQUANTITY

STYLENO:B0002735(CITREONMENST-SHIRT)ORDERNO:109254ORDQTY-3000PCS

48

COLOR SIZE/ITEM CTN/PCS CTNNO

TTLOTN

TOTALPCS

S M L XL XXL 3XL 40 1-3 3 120KHAKI 40 40 4-16 13 520

40

40

17-44

28

1120

40 40 45-68 24 96040 40 69-73 5 200

40 40 74 1 4020 20 40 75 1 40


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10 20 3000PCSSUMMARY

SIZECOLOR S M L XL XXL 3XL 4XL TOTALKHAKI 130 550 1120 980 200 20 0 3000

PCSTOTAL =3000PCSTOTALCTNS=75GROSSWEIGHT=825NETWEIGHT=712KGSCTNMEAS=60*40*20CM

11.Inspections: Itisanimportantpartofmerchandisingthatbeforeshipmentoftheproductbuyer or buying house must inspect the product. The procedure ofinspectionisgivenbelow:CartonCheck: duringinspectiontheinspectorgenerallycheckfollowing:

A.QuantityofCarton(Asperpackinglist).B. QuantityofCarton:

1. Plyofcarton2. Sizeofcarton3. StrengthofCartonete.

C. ShippingMark:1. MainMark(ASperbuyersInstruction)2. Side Mark3. MerchandiserDescription(Assortments)

D.Taping,StrappingCartonsSelection:FromtheLotwehaveSampleCartonandwewillpickmerchandisefromthoseCarton.Themethodsandpointstobeconsideredareasfollows.MethodsofCartonSelection:

Therearetwomethodofcartonselection:A.Totalnocarton

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B. Totalnocarton*2Pointstobeconsidered:

1. Colorofthemerchandise2. Size ofthemerchandise3. Cartonshouldbepickedrandomly.N.B.Theinspectionmustbemarkedonthecartontoavoidanyunacceptedsituation.Packingandpackaging check:

Aftercartonselectionwecheckthepackingmethodsusedforthelotthepackagingusedcheckthepointsare:Packing:1. Positionofgarmentsinsidethecarton2. Innercarton/innerbox3. Protector4. Polybag5. Assortment6. QualityofGarments7.

12.Shipments:Afterproducedtheproductsthecompanyhavetoshipmenttheproductsintime.Generallyproductsareshipmentintwoway:a.Seaportb.Airport.Itonlydependsonbuyerdecision.

5.10LISTOFFINISHEDSTOCK:1.GentsT-Shirt2.LadiesT-Shirt3.PoloT-Shirt4.Others

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FINDINGS &SWOTANALYSISOFTHECOMPANY

6.1FindingsoftheMerchandisingDepartmentofFOURKNITWEARLIMITED

6.2 SWOTAnalysisofCompany

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6.1FINDINGSOFMERCHANDISINGDEPARMENTOF FOURKNITWEARLTD:

Itappearsthatmerchandisingmanagementisoneofthekeyareasofgarmentssector.Butunfortunately, in Bangladesh merchandising management planning and controlling isreported

to

be

unsound

Iindicates

that

merchandising

management

planning

and

controllingisextremelypoorinentiregarmentssectorinBangladesh,whichinturns,hasadverselyaffectedthegettingorderfromabroad.Inpractice,IseesomeproblemswhenIinvestigatemerchandisingmanagementsysteminFourKnitWearltd.

A.Lackofpropercommunicationofdifferentlevelofdepartment.B. Failedtofollowmerchandisingmanagementtechniquelikebuyer

attention technique, sampling techniques, order deliverytechniques etc. for what that reason it failed some time todeterminetargetorderquantity.

C.AllthepeopleareveryhelpfulatFourKnitWearlimited.Againsomepeopleusefindtheyareagreetohelpmebutdidnotagreetoteach.D.There is no specific training and research department in FourKnit Wear limited for internally develop employees andworkers.

E. Company should evaluate not only the responsibility of themerchandiserbutalsotheefficiencyofthemerchandiser.

F. Inthiscompanythey(merchandiser)donotkeepanyrecordinthecomputerforfurtherneeded.Theykeeprecordonlyforpresentneed.

G.Pricingisthemostimportantforbettermerchandising,butIdoget a clear idea how theydetermine price. They are interest toknowthistotheirjuniormerchandiser.

H.Merchandiser still use old model computer for theircommunication.

I. Thereisanopermanentmarketingmerchandiserofthiscompany.Withoutmarketingmerchandiseragarmentscompanydonotgetorderfrombuyers.

J. Soitisverymuchnecessarytocontrolthediscipline.

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6.2.SWOTANALYSIS:TheSWOTanalysishavingidentifiedthecompanysinternalstrengthandweaknessaswellasexternalopportunitiesandthreats.WeneedtoconsiderbypreviousmarketingandotherrelatedanalysisanoverallpicturehasrevealedofFourKnitwearLtd.Itcandevelop new function business of corporate strategies to accomplish this change. ASWOT

analysis

is

shown

in

the

below:

6.2.1Strength of the company:StrengthisthepowerofacompanybyusingitacompanymayachievethecompetitiveadvantageFourKnitwearLtd.isawellreputedcompanyinthetextileindustriesofthecountry.Itisanenormousactivityinthetextileindustry.

Heretheexistingstrengthofthecompanyismentionedasbelow: Noloanfromanybank AlargeamountofAssets. Awellknownreputedbrandname. Goodqualityofproduct Wellenvironment Managementcompetence. Soundmarketingskills. Goodmaterialmanagementsystem. Availabilityofefficientandqualifiedhumanresourcesworldlatest. Appropriateorganizationalstyle. Appropriatecontrolsystem. Goodfinancialmanagement. Ithasin-housepowergenerationcapacityis150 kilowatts. RoadsleadingtothecomplexhavebeenbuiltbyaremaintainedbyFourKnitwear

Ltd. Tubewellsensureanabundantflowofwater.

6.2.2Weakness of the company:Weaknessistheinternalandexistinglimitationofacompanyforwhichitisunabletobemanycompetitiveadvantages.SomeweaknessesoftheFourknitwearLtd.are

Lackofproperpromotionalprogram. Topmanagementalwayspressureonlowermanagement. Toomuchlaborturnoverrate.

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Dependsonfullyforeignorder. Developingpeopleskillassessingprocessrequirementtexttime. Integrationofsectionoutput&inputstillneedfurtherco-ordinationamongthesection. Poorsecurityinstore. Smallcapital Oldmodelcomputersystemthatisveryslowtowork. Nosecurityinuseofcomputer. SomuchSalarydiscrimination.

6.2.3Opportunity of the company:Aninventoryingopportunityisanareaofsellerheadinwhichacompanycanperformprofitable.TheopportunitiesidentifiedfortheFourKnitwearLtd.areasfollows:

Company can expand its product line by introducing differentiation orintroducingnewproduct. Thegoodwillanddemandofthesekindsofproductsareincreasingdatabyday

especially

in

the

European

market.

Greaterpossibilitytoproductdiversificationwithquality. Supervisorandforeigntechnicianliveonsitetoprovide24-hourcoverage.

6.2.4Threats of the company:Threat is an external obstacle or a barrier for which a company cant achieve itspredeterminedgoals.Themajorthreatsofthiscompanyareasfollows:

Itismainlydependonowncapital.Itdoesnotgetanytaxadvantages. Govt.hasgivenG.S.P(Generalizedsystemofperformance)facilities.Butthesefacilitieswillcontinueonlyto30thJune2005. Political unrest or instability is the threat of this company. Because ofHartalandpoliticalviolence.Productionishamperedanditcannotsupplytheproductattherighttime. Increasingforeigncompanysdomination.

Andmostimportantthreatwartoonecountrytoothers.

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RECOMMENDATION&CONCLUSION6.1Recommendation6.2Conclusion

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7.1RECOMMENDATION:Textilesectorplaysaveryimportantroletoearnforeignexchangetoourcountry.A

largeamount

of

foreign

money

comes

from

the

exporting

of

Garments.

However

a

largenumberofworkersmaintainthereliveonthissector.Speciallythewomen.So,governmentshouldtakespecialnursingintextilesector.Somepointsaregiventoovercometheproblemsofmerchandisingofthissector:

Theauthorityshouldgatheradequateknowledgeaboutmerchandising. Theyshouldfollowappropriatemerchandisingtechnique. Adequatetrainingfacilitiesprovidedforpersonnelfordevelopment.

Shouldfollowaspecificinventorycostingmethod,inthecontextofrisingtrend inrawmaterialsprice. They should determine yearly inventory cost like ordering cost, carrying cost

acquisitioncostseparately. For purchasing raw materials, Four Knit Wear Ltd. should follow acquisition

procedurestrictly. FourKnitWearLtd.shouldanalyzethebalancesheetthroughvariousratiosfor

determiningefficiency,profit-earningcapacity,financialsolvencyetc. Four Knit Wear Ltd. should develop merchandising system and strictly. They

shoulddetermineoptimumlevelofinventory. Sound communication should be established between managing directors to

merchandiser.Stepstobetakentoincreasefireserviceequipmentaretofaceanykindofaccident.

Costcontrolsystemmustbeimplementedateverystageintheorganization. Mostoftheofficerhastomotivetoteacheveryemployeesandresearcheroftheir

owninspiration. Aspecificdepartmentfortrainingandresearch,whichwillprovideadequatetraining

andresearchfacilitiesforpersonnelfordevelopment. Every department will communicate their problem with other department of the

company Medicalfacilitiesshouldbeimproved. Effectivepersonnelmanagementshouldbesetup. Properstepsshouldbetakentostoppowerfailure. Variousmotivationswillbeprovidedtoworkersforsoundproduction. FourKnitWearLtd.shouldmodernizetheirequipmentforinventory. Theyshouldcomputerizetheireverylevelofinventory.

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7.2 CONCLUSION:Todaysgarmentsfullydependonmerchandising.Agoodmerchandisercandevelopthequalityofproductandincreasethesalesoftheproduct.Merchandisingisabigjobandisa complex one. It is so much important in our textile industry. The studyMerchandisingsystemFourKnitWearLtd.revealedthatTextileofBangladeshisfully depending on merchandising. . It may an honorable professional for educatedpersons.Fordevelopinggarmentsectormerchandisingmanagementsystemwillhavetofocusesonmodernsystem.Forthedevelopmentofmerchandisingtherearemanyfactorsinvolved.Merchandisingplaysanimportantrole.TheresultofthestudyshowingthatthereislotofstepforFourKnitwearLtd.toimprovetheirmerchandisingmanagementhavecertainimplicationsforthebusinesscommunityaswellasnationalmerchandisingplanners.ThestudyMerchandisingManagementofFourKnitwearLtd.revealedthatMerchandiserismostvaluablehumanresourcesfortheprogressoftheorganization.Forthedevelopmentofthesevaluableresourcestherearemanyfactorsinvolved.Toincreasethe productivity of an organization effectively, efficient merchandiser will have todevelop.Preparationoffuturebusinessmanagersshouldprovideforthedevelopmentofmanagerial skills relating to merchandiser function. Colleges and universities offeringbusinessadministrationcurriculumwoulddowelltoevaluatetheircoursesastheyrelatetothefindingsofthisstudy.Thisdirectstudyindicatesthepotentialutilitythatcouldbederived from undertaking more comprehensive investigations covering onlymerchandisingmanagementofFourKnitwearLtd.Thereareconsequentdevelopmentsof newer knowledge can definitely contribute to increase the efficiency of businessmanagementandthis,inturn,willincreasethesatisfactionofallinterestedbuyerparties,whichwillbetheultimategoalofbusiness.

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Documents

A Report on Four Knti Wear