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An Investigation into what Drives profit In a Knitwear Manufacturers

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Introduction

It is extremely difficult for company management to consider what works effectively within their organization and what doesn't. This is due to everyday pressures and demands that they face. Companies are often complacent, often due to time restraints, in allowing processes to continue without regular scrutiny. To attain maximum operating potential, it is imperative that a Quality Procedure Manual is set up and followed. Areas that require regular discussions/monitoring/ improvement or corrective action are; Management Review Customer Orders Suppliers and certs of test (analysis, conformance), Measurement data and product identification Control of monitoring and measuring devices Corrective action Purchase orders Nonconforming product Human resources Customer complaints Internal quality audits Internal communication Measurement, analysis and improvement Major plant maintenance Breakdown maintenance Preventive action Product audit. All areas should be subject to daily, weekly or monthly meetings as pre-determined by the Quality Manual. Meetings should be recorded and minutes produced which can be regularly audited. Preventative action identified and implemented in any area of manufacturer can have a positive and beneficial effect on the company's profitability and creditability. ...read more.

Middle

This allowed the team to make decisions to decide which products should or shouldn't be taken on to the next stage and it also allowed them to assess the merits of each product. "We were genuinely shocked at the results," says Chris. "We had no idea that just doing these simple scoring exercises would instantly improve our buying strategy and give us a lot more clarity on a strategic level." A number of working models were refined, over the next few days, to reduce the waste. This included dual sourcing, which ensured a constant alternative supply. Also it included balance sourcing, which considered if the materials should be supplied off shore or domestically. "We now use those technique's every day," says Chris. "If we'd done this sooner we wouldn't have produced so many right-offs and we would have saved cash." The ASAM scheme has worked so successfully that it has won funding to start a new foundation degree at Blackburn College in product management and it is now being offered to business by the college. ...read more.

Conclusion

The company must continuously strive to provide quality products and services to enhance their customers' long-term profitability and growth through understanding and anticipating their future needs. For example if a knitwear manufacturers is supplying their product to Marks and Spencers they must be first class quality as that is Marks and Spencers perception within the retail industry. 'Serving the customer' is the most important ingredient. As a customer focused organization all employees are committed to the development and strengthening of partnerships with internal and external customers and suppliers. Promises must be kept, any problems resolved, quick responses to their demands and reliability are paramount. A safe and pleasant work environment can influence the motivation, satisfaction and performance of all the organizations personnel and potentional enhance visitors (e.g., buyers) perception of the organization. Managers should designate suitably qualified personnel within the organization to be responsible for the training of employees internally. Such personnel shall monitor the progress of the employees under training and access the levels of competence. My conclusion is that the above procedures drive profitability and form the basis of all successful knitwear manufacturers. An Investigation into what Drives profit In a Knitwear Manufacturers Sarah Jessica Kuczynski 0809530 5AD009 Professional Experience 1 Sarah Jessica Kuczynski 0809530 5AD009 Professional Experience 1. ...read more.

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