STUDENT’S NAME: ROMIKA BHOWMIK
Project Title: To develop a strategic sourcing model
Project Guide: Prof.T.Bhattacharya
Background: Strategic sourcing is a disciplined, systematic process for reducing the total costs of externally purchased materials, products and services while maintaining or improving levels of quality, service and technology. There are competitive as well as customer pressure to reduce costs. The project was taken up to develop a strategic sourcing model which would ensure sourcing decisions to suppor5t supply chain and business objectives.;
Objective:To make sourcing decisions such that they support supply chain and business objectives in garment industry.
Methodology: Based on collection of data from the central warehouse and following supply chain management norms.
Findings:Analysis of various sourcing models were studied a new fabric sourcing model was developed with the emphasis on the reduction in lead time.
Conclusion: The project therefore helped to make a quantitative evaluation system for suppliers in Prateek Apparels Pvt.Ltd. and made sourcing decisions simpler and logical.