Practice of SCM Performance Drivers and Procurement Process: Case Study on Globe Pharmaceuticals Limited

This paper presents a descriptive research which addresses a case study on Globe Pharmaceuticals Limited., Bangladesh. The main objective of this study is to identify and demonstrate the practices of Supply Chain Management (SCM) upon the organization. The study is conducted by in-depth interviewing of the personnel working in the commercial department of the organization as well as secondary data.  Globe Pharmaceuticals Limited has been manufacturing medicines since 1986 with a view to provide high quality medicines throughout the country. They are not only distributing medicines in the country but also exporting to international market. Till now, they have expanded their overseas marketing coverage in Singapore, Vietnam, Philippines, Srilanka, Myanmar, Yemen and Cambodia. The company is now in the process of receiving regulatory approvals for start its business in various countries of Africa, Middle East and Latin America. This has been possible by effective implementation of supply chain management performance drivers. The author has thoroughly analyzed SCM performance drivers and procurement process of Globe Pharmaceuticals Limited, to explore innovative ideas regarding SCM practices in pharmaceuticals industry. The performance of the supply chain of Globe Pharmaceuticals Limited is evaluated based upon the six supply chain performance drivers; Facilities, Inventory, Transportation, Information, Sourcing, Pricing. These drivers are utilized to create the balance between responsiveness and efficiency. The right combination of efficiency and responsiveness increases the performance of the supply chain and reduce inventory and operating expense simultaneously. Globe Pharmaceuticals Limited, practices all the six drivers of supply chain performance and tries constantly to improve its performance. There are certain aspects of their supply chain where they can bring improvements which will improve the performance of the whole supply chain. Keywords: Supply chain management, Practice, Performance drivers, Procurement process, Globe Pharmaceuticals Limite

Logistics and Supply Chain: An Overview of Business Jet Aircraft Manufacturing

The paper highlights key points of aircraft manufacturing and supply chain, which includes key supply chain stages of macro processes and logistics of material flow through a network of stages, organization and workstations. Supply chain refers to a series of facilities, with sequence of activities involved in producing and delivering of a product and service. The study was done through personal work experience in an aircraft factory, watching video documentary on National Geography Chanel, literature review of Federal Aviation Administration manuals, books, newspaper articles, aircraft manufacturing websites, and other internet survey. The network of stages starts from ultimate supplier, in the form of raw material, ends up to the final customer, in the form of finished goods. Logistics involve movement of materials, funds, and information between these stages of a supply chain, in a coordinated way. In some large manufacturing facility, such as an aircraft manufacturing factory, multiple stages of supply chain are found within the factory premise itself. Within a specific stage, production lines are found, such that workers and machines are grouped together with a sequence of assigned activities to produce customized, handcrafted, yet standardized outputs. Zooming from supply chain macro level process to micro level manufacturing processes, together with transportation and logistics of material between the stages are highlighted. Keywords: Aircraft Manufacturing, Logistics, Transporation, Supply Chain and Opertions Management

Econometric Models for Forecasting Remittances of Bangladesh

At present, the remittance of Bangladesh (RB) is the largest source of foreign exchange earning of the country. The RB plays a critical role in alleviating the foreign-exchange constraint and supporting the balance of payments, enabling imports of capital goods and raw materials for industrial development. Remittance from overseas migrant workers certainly increases the income disparity between classes of the rural society. Therefore forecasting plays an important role to know the future situation of economic condition. This paper employed the prospective data on RB to derive a unique and suitable forecasting model. The data were collected from Bangladesh Bank (BB) during January, 1998 to December, 2003. The Autoregressive Integrated Moving Average (ARIMA) and the Generalized Autoregressive Conditional Heteroscedasticity (GARCH) models were used to find out the best one. The findings indicated that the ARIMA (0,1,1) (0,2,1)12 and the GARCH (2,1) models were appropriate for our data and the GARCH (2,1) model appeared to be the best one between these