Reducing Cycle Time of Raw Material Sourcing for Accelerated Supply Chains in Sri Lankan Apparel Industry.

Abstract

Reducing cycle time of raw material sourcing is essential in the fast-paced and highly competitive garment sector to achieve operational excellence by accelerating supply chain operations and satisfy changing consumer demands. Reduction in failures of order fulfilment in full and precise utilization of excess capacity to cater new orders are key determinants of success in dynamic apparel industry in Sri Lanka. This study investigates methods for streamlining the sourcing of raw materials in the context of the Sri Lankan garment sector with expectation of achievement of accelerated supply chains. To fully identify the various aspects impact on cycle time of raw material sourcing, the study uses qualitative research techniques combining with multiple data visualizing and analytical tools. Questionnaires and in-depth interviews with industry participants such as apparel manufacturers, raw material suppliers and logistics specialists are parts of qualitative research tools. The study also identifies inefficiencies in raw material sourcing which hinder operational efficiencies in supply chain and examines cutting edge tools and techniques to minimize the cycle time in raw material sourcing using advanced digital technology, automation, supplier diversity and supplier management, sustainable practices, lean concepts and strategic inventory management, vertical integration. Furthermore, recommendations to reduce cycle time of raw material sourcing are provided to achieve ultimate outcome of accelerated supply chains in apparel industry in Sri Lanka.