Benchmarking Study for Apparel Industry
About the Client
Benchmarking is the continuous process of measuring products, services and practices against the competitors or those companies recognized as industry leaders. Several models that are available couldn’t be directly applied as a benchmarking process to the textile industry, given the method of operations and practices of the Indian textile industry. For this, clientengagedWazir to conduct the Benchmarking Study Report which are very finely focused, such as a technology use or executive benefits study. Others address financial, operational, and compensation measures in a full-scale report.
Business process improvement methodology is used to improve the processes. Wazir’s Finalized Benchmarking Methodology are the following:
- Selection of areas for benchmarking.
- Identification of Key Performance Factors.
- Identification of persons responsible for the selected areas.
- Collection of relevant data/information/analysis.
- Development of measurements for a given area.
- Identification of benchmarks/best practice/best systems.
- Deciding areas for improvement.
- Developing actions required for improvement.
- Implement plans to monitor results.
- The above methodology of benchmarking has been successfully implemented in one of the organization.
- We conducted field surveys and interviewed major stakeholders in the industry, using data so gathered along with secondary data to develop a value-chain sourcing model.
- Our study helped in understanding the supply and demand sides of the textile value chain, the competitiveness of specific textile and clothing products exported from India, and impediments to value chain efficiency.
- There are several processes that can be identified in a manufacturing organization and few processes are key or core processes to the organization and any favorable/ unfavorable impacts on those processes will have respective impacts on the performance of the organization.