Management with regards to Raw material procurement to supply chain and production management in manufacturing industries. Industrial management and sustainability issues.

1. Human Resource &
Industrial
Management
WELCOME TO OUR
PRESENTATION
DHAKA UNIVERSITY OF ENGINEERING & TECHNOLOGY,
GAZIPUR
Our Presentation Topic:
Management with regards to Raw material procurement to supply chain and production
management in manufacturing industries. Industrial management and sustainability
issues.
7. Md. Shafiqul Islam ID: 175057
8. Md. Jashiar Rahman ID: 175058
9. Md Shamim Hossain ID: 175059
10. Md. Imran ID: 175060
11. Md. Shafiqul Hasan ID: 175061
Presented By:
Dr. Abdullahil Kafi
Associate Professor
Department of Textile Engineering
Dhaka University of Engineering &
Technology, Gazipur-1707
Presented To:
1. Md. Maruf Khan ID: 175051
2. Muhammad Nasim ID: 175052
3. Abdul Aziz ID: 175053
4. Imam Hossain ID: 175054
5. Golam Mortuza Limon ID: 175055
6. Md. Mosaddek Jaman ID: 175056
Presented By:

2. NAME STUDENT ID SLIDE NO
1. Md. Maruf Khan ID: 175051 1 to 7
2. Muhammad Nasim ID: 175052 8 to 14
3. Abdul Aziz ID: 175053 15 to 21
4. Imam Hossain ID: 175054 22 to 28
5. Golam Mortuza Limon ID: 175055 29 to 35
6. Md. Mosaddek Jaman ID: 175056 36 to 42
7. Md. Shafiqul Islam ID: 175057 43 to 49
8. Md. Jashiar Rahman ID: 175058 50 to 55
9. Md Shamim Hossain ID: 175059 56 to 61
10. Md. Imran ID: 175060 62 to 66
11. Md. Shafiqul Hasan ID: 175061 67 to 75

3. INTRODUCTION
Industrial management is the organizational process that includes
strategic planning, setting; objectives, managing resources, deploying the
human and financial assets needed to achieve objectives, and measuring
results. Industrial Management provides maximum utilization of scarce
resources by selecting its best possible alternate use in industry from out
of various uses. It makes use of experts, professional and these services
leads to use of their skills, knowledge, and proper utilization and avoids
wastage.

4. INTRODUCTION
The managements required for collecting raw material to production
and marketing processes sequentially in a manufacturing industry:
• Financial management
• Human resource management
• Supply chain management
• Operation and production management
• Cost management
• Marketing management

5. 1. FINANCIAL MANAGEMENT
Meaning of Financial Management
Financial Management means planning, organizing, directing and
controlling the financial activities such as procurement and
utilization of funds of the enterprise. It means applying general
management principles to financial resources of the enterprise.

6. SCOPES/ELEMENTS
Investment decisions
Financial decisions
Dividend decision

7. OBJECTIVES OF FINANCIAL MANAGEMENT
To ensure regular and adequate supply of funds to the concern.
To ensure adequate returns to the shareholders
To ensure optimum funds utilization
To ensure safety on investment
To plan a sound capital structure

8. FUNCTIONS OF FINANCIAL MANAGEMENT
Estimation of capital requirements
Determination of capital composition
Choice of sources of funds
Investment of funds
Disposal of surplus
Management of cash
Financial controls

9. THE ROLE OF THE FINANCE FUNCTION IN
ORGANIZATIONAL PROCESSES
The Finance Function and the Project Office
The Pension Fund Management and Tax Activities of the Finance
Function
Payroll, Claims Processing, and Automation

10. FINANCIAL GOAL
Every firm has a predefined goal or an objective. Therefore the most
important goal of a financial manager is to increase the owner’s
economic welfare. Here economics welfare may refer to
maximization of profit or maximization of shareholders wealth.
Therefore Shareholders wealth maximization (SWM) plays a very
crucial role as far as financial goals of a firm are concerned.

11. ROLE OF A FINANCIAL MANAGER
A financial manager is a person who takes care of all the important
financial functions of an organization. The person in charge should
maintain a far sightedness in order to ensure that the funds are
utilized in the most efficient manner. His actions directly affect the
Profitability, growth and goodwill of the firm.

12. FOLLOWING ARE THE MAIN FUNCTIONS OF A
FINANCIAL MANAGER
o Raising of Funds
o Allocation of Funds
o Profit Planning
o Understanding Capital Markets

13. CAPITALIZATION IN FINANCE
What is Capitalization?
Capitalization comprises of share capital, debentures, loans, free reserves,
etc. Capitalization represents permanent investment in companies
excluding long-term loans.
Capitalization is generally found to be of following types-
 Normal
 Over
 Under

14. 2.HUMAN RESOURCE MANAGEMENT
Definition
Human Resource Management is a series of integrated decisions
that form the employment relationship; their quality contributes to
the ability of the organizations and the employees to achieve their
objectives.

15. SIGNIFICANCE OF HRM
• Efficient and committed human resource leads to effective exploitation
and utilization of a nation’s natural, physical and financial resources.
• Skilled and developed human resource ensures the development of a
country
• For an enterprise, effective HRM leads to the attainment of its goal
efficiently and effectively
• It acknowledges the important role that employees play in
organizational success.

16. SIGNIFICANCE OF HRM
• HRM helps an organization to establish a sustainable competitive
advantage
• HRM must be forward thinking. They must not simply react to what
management states
• One study reported that an organization’s high-performance work
practices could increase its market value by as much as 30%.
• High performance work practices include self-directed work team,
job rotations, high levels of skill training, problem solving groups,
quality management process, encouragement of innovative
behavior

17. OBJECTIVES OF HUMAN RESOURCE MANAGEMENT
Societal objectives
Organizational objectives
Functional objectives
Personal objectives

18. FEATURES OF HUMAN RESOURCE MANAGEMENT
• HRM is an art and a science.
• HRM is pervasive.
• HRM is a process.
• HRM is a continuous process.
• HRM is a service function.
• HRM must be regulation-friendly.

19. FEATURES OF HUMAN RESOURCE MANAGEMENT
• HRM is Interdisciplinary and fast changing.
• HRM is focused on results.
• HRM is People-centered.
• Human Relations Philosophy.
• HRM is an Integrated Concept.
• HRM Develops Team Spirit.

20. HRM FUNCTIONS
Recruitment Management
Workforce Planning
Induction Management
Training Management
Performance Management
Compensation & Benefits
Attendance Management

21. HRM FUNCTIONS
Leave Management
Benefits Management
Overtime Management
Pay slip Distribution
Timesheet Management
Employee Information/ Skill

22. NATURE OF HRM
Human Resource Management brings organizations and people together so
that the goals of each are met. The nature of HRM includes:
 Broader function.
 People oriented.
 Action-oriented.
 Development-oriented.
 Continuous function.
 Future-oriented.

23. CHALLENGES OF HUMAN RESOURCE MANAGEMENT
HRM challenges can be studied under three dimensions as follows:
1. Environmental Challenges.
2. Organizational Challenges.
3. Individual Challenges

24. SUGGESTIONS TO MEET THE CHALLENGES OF HRM
It should be properly recruitment policy
There should be given proper weight to the aspect that employees are
involved wherever possible
Networking skills of the organizations should be developed internally and
externally as well as horizontally and vertically.
There should be the focus on job rotation
For proper utilization of manpower in the organization, the concept of six
sigma of improving productivity should be intermingled with the HRM
strategy.

25. 3. SUPPLY CHAIN MANAGEMENT
Supply chain management is the management of the flow of goods
and service and includes all processes that transform raw materials
into final products. It involves the active streamlining of a business's
supply-side activities to maximize customer value and gain a
competitive advantage in the marketplace.

26. OBJECTIVES OF SUPPLY CHAIN MANAGEMENT

27. IMPORTANCE OF SUPPLY CHAIN MANAGEMENT
Boosts Customer Service
Reduces operating costs
Improves financial position
Momentum
Integrated and co-operative logistics

28. FUNCTIONS OF SUPPLY CHAIN MANAGEMENT

29. WHAT ARE THE BENEFITS OF SUPPLY CHAIN MANAGEMENT?
• SCM lowers the cost of doing business
• SCM supports the strategic plan
• SCM helps the business balance the supply of products with market
demand
• SCM allows for more efficient and effective customer service.

30. FUTURE OF SUPPLY CHAIN MANAGEMENT
Technology development goes hand in hand in the future of SCM. Whether
its allowing supply chain teams to add or improve their current processes,
newly created technologies have become essential as we move forward. At
least for the foreseeable future, there is a need for supply chain teams to
have hands on approach to various processes.
Therefore it’s vital that supply chain teams understand the importance of
incorporating technology and not being intimidated by it.

31. 4. PRODUCTION MANAGEMENT & OPERATION
MANAGEMENT
Production Management refers to the application of management principles
to the production function in a factory. In other words, production
management involves application of planning, organizing, directing and
controlling the production process.
The role of production management?
Production Management deals with the creation of goods and services
through the application of the business concept. They are also vital in both
service and manufacturing firms. Production has a primary objective, which
is to employ the company's resources to produce goods and services to fit
the market.

32. PRINCIPLES OF PRODUCTION MANAGEMENT
Shorter set-up times
Small-scale production
Empowering employees
Equipment Maintenance
Pull Production
Supplier Involvement

33. SCOPE OF PRODUCTION MANAGEMENT
The scope of production management is indeed vast. Commencing with the
selection of location, production management covers such activities as
acquisition of land, constructing building, procuring and installing
machinery, purchasing and storing raw materials and converting them into
saleable products. Added to the above are other related topics such as
quality management, maintenance management, production planning and
control, methods improvement and work simplification and other related
areas.

34. CLASSIFICATION OF PRODUCTION MANAGEMENT
o Job shop production.
o Batch type of Production.
o Mass Production or Flow production.
o Continuous production or Process production

35. IMPORTANCE OF PRODUCTION MANAGEMENT IN
TEXTILE INDUSTRY
Production management system in textile industry is very much important
term. Proper production management system ensures production quality,
production time and production costs. A well skilled production management
system ensures quality product according to byres requirements Presence, in
factories, of highly intelligent, local control systems has favored development
of production management systems.

36. IMPORTANCE OF PRODUCTION MANAGEMENT IN
TEXTILE INDUSTRY
Nearly all process controller producers also offer surveillance systems
that centralize data relating to checks carried out on machine and allow
various levels of interaction in production management system. There is
now a very wide range of production management software functions
available and new developments are emerging all time in various areas as
a result of greater contact between software designers and users in
textile sector.

37. OPERATIONS MANAGEMENT
Operations management is the management of processes that transform
inputs into goods and services that add value for the customer
The Goal of Operations Management
The goal of operations management is to maximize efficiency while
producing goods and services that effectively fulfill customer needs.
Countless operating decisions must be made that have both long- and short-
term impacts on the organization’s ability to produce goods and services
that provide added value to customers.

38. EXAMPLE OF OPERATION MANAGEMENT
• Purchasing wood and fabric,
• Hiring and training workers,
• Location and layout of the furniture factory,
• Purchase cutting tools and other fabrication equipment

39. THE ROLE OF OPERATIONS MANAGEMENT IN THE
ORGANIZATION
Operations is one of the three strategic functions of any organization. This
means that it is a vital part of accomplishing the organization’s strategy and
ensuring its long-term survival. The other two areas of strategic importance to
the organization are marketing and finance. The operations strategy should
support the overall organization strategy. Many companies prepare a 5-year
pro-forma to assist in their operation planning. The pro forma uses
information from past and current financial statements in an effort to predict
future events such as sales, and capital investments.

40. PRINCIPLES OF OPERATIONS MANAGEMENT
Reality
Organization
Fundamentals
Accountability
Variance

41. PRINCIPLES OF OPERATIONS MANAGEMENT
Causality
Managed Passion
Humility
Success
Change

42. THE IMPORTANCE OF OPERATIONS MANAGEMENT
It is no exaggeration to state that all aspects of a business depend on
operations management. Operations management can influence
customer service, product and service quality, proper functional
methodologies, competitiveness in the market, technological advances,
and profitability. Failure to manage the company’s operations will cause
significant losses for the business

43. STRATEGIES OF OPERATIONS MANAGEMENT

44. STRATEGIES OF OPERATIONS MANAGEMENT
• Leveraging Data
• Controlling Data Challenges
• Analyzing Inventory
• Designing Processes
• Forecasting and Setting Goals

45. STRATEGIES OF OPERATIONS MANAGEMENT
• Collaboration Between Departments
• Social Responsibility
• HR Management
• Tips for Successful Operations Management

46. OPERATIONS MANAGEMENT IN THE TEXTILE INDUSTRY
Strategic Decisions
Operating Decisions
Control Decisions

47. 5. COST MANAGEMENT
What is Cost?
Cost is defined as the monetary valuation of effort, material, resources,
time consumed, risk and opportunity forgone in production / delivery of a
good or service. It is simply put as the amount that has to be paid or given
up for something to be acquired.

48. WHAT IS COST MANAGEMENT?
It is defined as the process of planning and controlling the budget of
the business. It helps in predicting the expenses of the business so
that one can avoid going over budget, thereby being an integral part
of business management.

49. WHY ADOPT COST MANAGEMENT?
Before any project is taken up, it is appropriate to define the objectives to
avoid any kind of cost over-runs. They also help in keeping away over or
underestimation of costs. A well defined project helps in facilitating
appropriate management of the costs, making the project a profitable one
for the undertaker. Through cost management, unexpected costs can also
be appropriately dealt with as and when they occur as the forecast would
reflect it.

50. HOW IS COST MANAGEMENT ACHIEVED?
The future of every startup relies on the success of its projects. Cost
management is a way to ensure that by empowering organizations to
maximize resources. Cost management encompasses several processes and
tools, such as life cycle costing and value engineering, to estimate the costs
and returns of a project. Life cycle costing looks at the stages each project
or asset goes through and the expenses involved. Cost management
software are available for project managers to ensure the success of their
initiatives. Oracle, Hub staff, and Microsoft are among the software vendors
that offer their own cost management technologies.

51. COST MANAGEMENT IS MADE POSSIBLE BY THE FOLLOWING
ACTIVITIES?

52. FACTORS AFFECTING COST MANAGEMENT
• Growth in information technology
• Global and overall domestic competition
• Growth of service and manufacturing sectors

53. COST MANAGEMENT TECHNIQUES
Capitalize on technology
Time management
Inventory management
Outsourcing
Updated market sense
Control of headcount

54. ADVANTAGES OF COST MANAGEMENT
 It helps in controlling the project specific
cost, in turn also the overall business
cost.
 One can predict the future expenses and
costs and accordingly work towards the
expected revenues.
 Predefined costs can be maintained as
records for the business.

55. IMPORTANCE OF COST MANAGEMENT FOR A TEXTILE
ENGINEER
 Calculating overall profit and loss margin of industry.
 Control costs with special techniques like standard costing and budgetary
control.
 Cost data and other related information for managerial decision making
such as introduction of a new product, replacement of machinery with an
automatic plant etc.
 It helps in inventory control

56. IMPORTANCE OF COST MANAGEMENT FOR A TEXTILE
ENGINEER
 Maintaining the selling prices, particularly during depression
period when prices may have to be fixed below cost.
 It helps in the introduction of a cost reduction programme and
finding out new and improved ways to reduce costs
 Cost audit system which is a part of cost accountancy helps in
preventing manipulation and frauds and thus reliable cost can be
furnished to management

57. 6. MARKETING MANAGEMENT:
Marketing management is the process of planning & implementing
the conception, pricing, promotion and distribution of products or
services. It is a target-oriented process and an operational area of
management.
Marketing management is basically an organizational discipline,
which focuses on the practical usage of marketing orientation,
techniques and methodologies in companies and organizations and
on the management of a firm's marketing resources and activities.

58. OBJECTIVES OF MARKETING MANAGEMENT
To satisfy the clients’ requirements and their objectives.
To leverage the gain for the growth of business.
To develop customer base for the business.
To create an appropriate marketing mix.
To raise the quality of life of people.
To build a good image of the organization.
To maintain the long-run concept.

59. MARKETING CONCEPT:
The marketing concept relies upon marketing studies to define market
segments, their size, and their requirements. This concept was
introduced after World War II as the customers could afford to be
selective and buy only those items that precisely met their changing
needs and these needs were not immediately obvious. The key
questions changed to:
What do customers actually want?
Can we improve it while they still want it?
How can we keep the customers satisfied?

60. MARKETING CONCEPT:
In reply to these discerning customers, companies began to adopt
marketing concepts, which includes:
Focusing on customer requirements before developing a product
 Aligning all operations of the company to focus on those needs.
Realizing a gain by successfully satisfying customer needs over the
long-term.

61. MARKETING PROCESS
The following four steps are involved in the marketing process:
Situation Analysis,
Marketing Strategy,
Marketing Mix Decisions,
Implementation and Control.

62. MAJOR FUNCTIONS OF MARKETING MANAGEMENT

63. SUSTAINABILITY ISSUES IN A TEXTILE MANUFACTURING
INDUSTRIES
Sustainability means meeting our own needs without compromising the
ability of future generations to meet their own needs.
There are some sustainability issues remain in an industry. For example,
in a textile manufacturing industry:

64. SUSTAINABILITY IN TEXTILE INDUSTRY; REALITY AND
CHALLENGES
Sustainability in textile industry has become an extensively debated issue
due to the nature of the industry. Textiles is considered globally as one of the
most hazardous both to environment and society if not operated in a
controlled way. Unfortunately, in Bangladesh textile industries still has a
huge scope of improvement. Without being sustainable the survival of the
textile industries is becoming difficult. The first reason behind the current
situation of the industries is the lack of knowledge on the concept of
sustainability.

65. PROMINENCE OF BANGLADESH T&A INDUSTRY

66. SUBSTANTIAL GROWTH IS ON THE CARD

67. BANGLADESH STILL TO MAKE A FOOTPRINT AS A
TEXTILE EXPORTER

68. MAJOR ECOLOGICAL AND SOCIAL CHALLENGES IN
TEXTILE INDUSTRY

69. PRINCIPLES TO ACHIEVE SUSTAINABILITY

70. HOW COMPETITIVENESS CAN BE ACHIEVED

71. SUSTAINABLE MANUFACTURING AND CLEAN
ENVIRONMENT

72. THE REALITY IN TERMS OF SUSTAINABILITY; WHERE
ARE WE NOW?
Industry owners are more aware today, many of them are investing/
transforming to sustainable solutions in terms of environment – the
growing number of LEED certified green industries is an indicator.
Sustenance became hard for the industries reluctant to embrace
positive changes due to the active involvement of the DoE, Accord &
Alliance and other law enforcement agencies.
Awareness among the buyers has increased in terms of fair prices and
living wages issues.

73. CHALLENGES TO OVERCOME:
To transform from a low price RMG producing industry to a producer of
value added items
Invest in independent R&D and improve industry
Emphasize on the development of the technological fundamentals of the
industry
The biggest challenge is to achieve sustainability without losing the
competitiveness in the market

74. RECOMMENDATIONS FOR SUSTAINABLE DEVELOPMENT OF
THE TEXTILE AND APPAREL INDUSTRY
Long term business planning with gradual organizational transformation
Strengthen the Universities and institutes by upgrading the curriculums,
improving internship options and exchange programs
Provide continuous training to the employees on sustainability issues
Associations should play big role in increasing awareness and auditing
More and more dialogues and discussions should be arranged with govt.,
associations, buyers and other important stake-holders.