Pearl Journal of Management, Social Science and Humanities

Research Article|Published October 2025|Vol. 6 (1): 1-10.

https://doi.org/10.36630/pjmssh_25010 

 

Strategies for Reducing Costs Through Efficient Material Management of Manufacturing Industries

 

Ripon Chandra Das^1*, Noveea Tabassum², Farzana Akter³, Md. Moshfikur Rahman Shanto⁴, Rubayea Sharmin⁵, Jaideep Sharma⁶ and Md. Halimuzzaman⁷

 

¹Institute of Management Accountants (IMA), Montvale, USA.

²Institute of Energy, University of Dhaka, Dhaka, Bangladesh.

³Southeast Business School, Southeast University, Dhaka, Bangladesh.

⁴Department of Business Administration, Times University Bangladesh, Faridpur, Bangladesh.

⁵Department of Development Studies, Bangladesh University of Professionals, Dhaka, Bangladesh.

^6,7School of Business, Galgotias University, Delhi, India.

ABSTRACT

The apparel industry is fundamental to Bangladesh's economy, contributing significantly to national exports and employment. However, rising manufacturing costs, material waste, and supply chain inefficiencies pose challenges to long-term sustainability and profitability. This study explores solutions for cost reduction through efficient material management, emphasizing strategies such as lean manufacturing, inventory optimization, and waste minimization. A quantitative methodology was employed, with data collected from 450 industry professionals through standardized questionnaires. The results indicate that manufacturers who adopted digital inventory systems, Just-in-Time (JIT) methodologies, and modern cutting technologies achieved substantial cost reductions and improved production efficiency. Collaboration with suppliers and routine waste audits enhanced cost management. Notwithstanding these advantages, obstacles such as restricted technological access, worker skill deficiencies, and supply chain volatility impede wider adoption. The report indicates that tackling these difficulties via industry support and legislative measures can enable Bangladeshi garment producers to attain improved cost efficiency, bolster global competitiveness, and shift towards more sustainable production techniques.

Keywords: Material Management, Cost Reduction, Lean Manufacturing, Inventory Optimization, Apparel Industry, Bangladesh.

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