Cost efficiency in Supply Chain Management: A case on Lite Electronics Ltd.
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This practicum report has been prepared based on my 6 months project work which I successfully completed at ‘Lite Electronics Ltd.’, a sister concern of ‘Edison Group’ from February 2022 to July 2022 as a requirement for my Masters in Procurement and Supply Management (MPSM) at BRAC Institute of Governance and Development, Brac University. The topic of the report is ‘Cost Efficiency in Supply Chain Management: a case on Lite Electronics Ltd.’ which describes the supply chain functions process and procedures, integral part of the supply chain function, cost bearer for the function and ways in which the costs are being managed efficiently. The first chapter is a short brief of the organization including the vision and goals, categories of business operated by the organization and the mode of product distribution and promotion. It also includes the organogram of the organization and the objectives of the organization. The second chapter contains the description of supply chain management in the organization and how the organization is managing the portfolio of business. It also describes the importance of supplier management for the organization and impact of the business operation in the market. The third chapter is the project work and findings where the major cost criteria of the supply chain function is described and projects taken to improve efficiency in operations. This chapter is divide into three parts based on the three projects that I undertook during my organizational attachment and each part describes the background of the projects and the results of each projects individually. The final chapter draws conclusion to the importance of supply chain and the impact of effectively managing cost for the organization along with recommendations on how to keep on maintaining the process to remain the market leader in supply chain management.