Subject: Quality Research

Topic: AN ANALYSIS OF SUPPLY CHAIN RISK MANAGEMENT OF YUNUS TEXTILE MILLS LIMITED

Kindly re-phrase all the following statements with easy words?

Introduction

1.1Background:

Textile Mills established in 196os from a small set up of fabric house industry. In few years Textile Mills , secure a leading position as an exporter of home textile. It is own by YBG, which started their operation in 1962 with Yunus textile mills limited. It is vertically integrated company. Its sales volumes exceed 99.9% of entire production its main customers are USA and Europe Brands. As supply chain is main component of any industry cost management, Yunus Textile Mills Limited want to minimize its supply chain cost by managing the risk involve in supply chain which ultimately fulfill the goal of maximizing profit of business. Yunus Textile Mills Limited is 7^th largest textile exporter in Pakistan. However, supply chain risk management(SCRM) is difficult task but by analysis of different opportunities, it will be beneficial for company and its looks comprehensive for research.

1.2. Project research problem:

As textile is one of the record essential part of the Pakistani industry it employees almost 45% of labor force in the country and textile industry account for 60% exports of Pakistan. Therefore, it is priority of textile industry that how to optimize their operations, in which SCM plays a crucial role. Managing the textile supply chain poses many challenges in which the major one is (SCRM). Due to lack of interest of government and private entities there is no comprehensive strategy is formed in recent past to control the supply chain risk. The technological advancement and globalization in the world advances the (SCRM) of different countries by which there cost management is improved, this is a challenge for Pakistan different industries but much more for textile industry because it is the main contributor in exports and direct competitor of global textile industry. The optimal (SCRM) will ultimately improve the performance of textile industry. There are three categories of risk strategic, tactical and operational. Strategic risk is one, which is out of control like natural disaster, government policies, and geopolitics. Tactical risk involves the reduction of business. Operational risk is the daily risk like unavailability of labor, internal system failure. The geographical expansion of business operations increases vulnerability and complexity in supply chain management. As there are many risk involve in supply chain but most likely there is some general risks which are Demographic shifts, Natural disasters, Cyber threats, Fire, Government intervention, Transport disruption. These risks are general risks but these also affect the supply chain of every industry, but we will study specifically how the SCRM is managing by Textile Mills. Various industries going towards outsourcing the supply chain, reducing the product life cycle, which also increases the risk (Sindi, & Roe, 2017). The internal and external integration is also having a big impact on SCRM (Aqlan, & Lam, 2015).

1.3 Purpose of this research:

The purpose of this study is to investigate the supply chain risk management(SCRM) of Textile Mills and to provide substantial improvement recommendations for their SCRM.

1.3Research Question:

1. What are the existing policies and practices of supply chain risk management(SCRM) in Textile Mill?

2. How the effective supply chain risk management(SCRM) can improve the business efficiency of Textile Mills?

3. What are the threats related to supply chain risk management(SCRM) in Textile Mills?

1.4Significance of the research project:

The SCRM is a main concern for the organization to maintaining their reputation, brand loyalty and sustainability in market. The SC has a direct impact on cost management so the better (SCRM) can progress the competitiveness in textile industry. This supply chain risk of Textile Mills if minimize can be contributing factor towards the economic growth. The textile industry has much opportunities to minimize the risk involve in their supply chain. My project will be helpful to identify these opportunities for Textile Mills . My project will be beneficial for the further study of the supply chain risk management(SCRM) in textile industry of Pakistan. The supply chain professionals of Yunus Textile Mills Limited can relate this research project outcome to their current SCRM situation, by which they can identify the remaining improvements if any, required. My project will enable Textile Mills to improve their cost reduction through the mitigation of supply chain risk(SCR).