Increasing Efficiency: Case Study of Ready Made Garments in Bangladesh

International Journal of Engineering and Computer Science, Volume 9, Issue 06, June 2020

16 Pages Posted: 15 Mar 2021

See all articles by Alam Tareque

Alam Tareque

Bangladesh University of Professionals (BUP)

Nazrul Islam

School of Business, Canadian University of Bangladesh

Shuvashish Roy

University of Burdwan

Date Written: June 6, 2020

Abstract

In this article, we look at recent developments in the Bangladesh garment industry on the issue of efficiency and productivity. First, we were looking for new ideas. How are companies trying to improve their efficiency? Then, we were trying to see if there was a relationship between a companies‟ (x) efficiency and cost saving (a) and increased revenue (y). Of course, intuitively, we would all hypothesize that there must be some relationship between efficiency and reduction of cost of manufacturing and ultimately increased revenue. Further, we would all probably hypothesize that the slope of the function describing that relationship must be significantly higher than zero. Nevertheless, we tried to document the connection so that companies can believe it and give it more attention. Theoretical relationships are one of the weakest ways to try to persuade CEOs of the existence of anything. Show them the numbers, only then they will agree. This paper is an attempt to persuade a ready-made garments manufacturing unit to increase efficiency to cut cost and increase revenue, we show that there is a direct causal relation to efficiency and revenue earnings.

Keywords: Efficiency, Cost Reduction, Competitive Advantage, Bangladesh Ready Made Garments

Suggested Citation

Tareque, Alam and Islam, Nazrul and Roy, Shuvashish, Increasing Efficiency: Case Study of Ready Made Garments in Bangladesh (June 6, 2020). International Journal of Engineering and Computer Science, Volume 9, Issue 06, June 2020, Available at SSRN: https://ssrn.com/abstract=3774152

Alam Tareque (Contact Author)

Bangladesh University of Professionals (BUP) ( email )

Mirpur-12 Cantonment
463
Dhaka, Dhaka 1216
Bangladesh
01715073455 (Phone)
1216 (Fax)

HOME PAGE: http://www.bup.edu.bd

Nazrul Islam

School of Business, Canadian University of Bangladesh ( email )

RANGS RL SQUARE
PRAGATI SHARANI (BIR UTTAM RAFIQUL ISLAM AVENUE)
Dhaka 1212
Bangladesh

Shuvashish Roy

University of Burdwan

Bardhaman
Burdwan University
Burdwan, West Bengal 713104
India

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