FUTURE CHALLENGES TO TEXTILE INDUSTRY

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FUTURE CHALLENGES TO TEXTILE INDUSTRY
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BETTER ORGANIZATIONS DID NOT GET BETTER
BY CHANCE
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• According to a study, Pakistan looses
  approximately Rs. 450 billion annually due to
  poor quality and wastages.

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TODAYS DISCUSSION INCLUDES

• QUALITY
• COST REDUCTION
• LEAD TIME REDUCTION

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The challenges
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"What is Quality"
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Quality

• Conforming to specifications. (Phil Crosby)
• Fitness for use. (Joseph Juran)
• We need never ending improvement to establish
  better economy. (W. Edward Deming)
• Quality is everybodys job. (A.V. Feignbaum)
• Quality is never an accident, it is always the
  result of an intelligent effort. (John Ruskin)

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Right First Time, All the time. Zero Defect
Conformance to specification
Build Right Characteristics
Meet implied/Market Needs
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Dimensions of Quality

• Conformance to specification
• Performance
• Quick response
• Features
• Reliability
• Durability
• Serviceability
• Aesthetics
• Perceived Quality
• Cost Competitiveness

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What Customers buy?
Customers do not buy goods and services they
want solutions of problems, and fulfillment of
their needs wants.
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QUALITY is no longer a desirable option
It is the key to SURVIVAL
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"Cost Reduction"
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The Cost Of Poor Quality\ (As a of Revenue)

• Raw Material Cost
• Labor Cost
• Govt. Tax
• Utility Bills

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Cost Reduction

• Traditional Principle of Cost

If we want to make more profit we increase price
Profit
Cost to Make

• Cost Profit Price

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• Todays Principle of Cost Reduction

Price to Customer
Market Place Pressure
Profit
If we want to make profit we reduce waste in
our process
Cost to Make
Price Cost Profit
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Importance of Cost Reduction

• To increase profit
• For price competitiveness
• Request of price reduction by the customer

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"Lead Time Reduction"
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JIT A Strategy Based on Lead Time
Adding Value
Opportunity
Lead Time
A strategic focus to economically make drastic
reductions in lead times to better serve the
customer
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JIT A Toolset for Eliminating Wastes

• JIT Tools used to identify and eliminate the
  waste from the process.
• Result Shorter lead times,
• reduced costs.

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Even if you are on the right track, you will get
run over - if you just sit there.