(Đồ án tốt nghiệp) Analysing the current situation and proposing solutions to improve the line balancing at Factory 1 of Thai Binh investment joint stock company(Đồ án tốt nghiệp) Analysing the current situation and proposing solutions to improve the line balancing at Factory 1 of Thai Binh investment joint stock company(Đồ án tốt nghiệp) Analysing the current situation and proposing solutions to improve the line balancing at Factory 1 of Thai Binh investment joint stock company(Đồ án tốt nghiệp) Analysing the current situation and proposing solutions to improve the line balancing at Factory 1 of Thai Binh investment joint stock company(Đồ án tốt nghiệp) Analysing the current situation and proposing solutions to improve the line balancing at Factory 1 of Thai Binh investment joint stock company(Đồ án tốt nghiệp) Analysing the current situation and proposing solutions to improve the line balancing at Factory 1 of Thai Binh investment joint stock company(Đồ án tốt nghiệp) Analysing the current situation and proposing solutions to improve the line balancing at Factory 1 of Thai Binh investment joint stock company(Đồ án tốt nghiệp) Analysing the current situation and proposing solutions to improve the line balancing at Factory 1 of Thai Binh investment joint stock company(Đồ án tốt nghiệp) Analysing the current situation and proposing solutions to improve the line balancing at Factory 1 of Thai Binh investment joint stock company(Đồ án tốt nghiệp) Analysing the current situation and proposing solutions to improve the line balancing at Factory 1 of Thai Binh investment joint stock company(Đồ án tốt nghiệp) Analysing the current situation and proposing solutions to improve the line balancing at Factory 1 of Thai Binh investment joint stock company(Đồ án tốt nghiệp) Analysing the current situation and proposing solutions to improve the line balancing at Factory 1 of Thai Binh investment joint stock company(Đồ án tốt nghiệp) Analysing the current situation and proposing solutions to improve the line balancing at Factory 1 of Thai Binh investment joint stock company(Đồ án tốt nghiệp) Analysing the current situation and proposing solutions to improve the line balancing at Factory 1 of Thai Binh investment joint stock company(Đồ án tốt nghiệp) Analysing the current situation and proposing solutions to improve the line balancing at Factory 1 of Thai Binh investment joint stock company(Đồ án tốt nghiệp) Analysing the current situation and proposing solutions to improve the line balancing at Factory 1 of Thai Binh investment joint stock company(Đồ án tốt nghiệp) Analysing the current situation and proposing solutions to improve the line balancing at Factory 1 of Thai Binh investment joint stock company(Đồ án tốt nghiệp) Analysing the current situation and proposing solutions to improve the line balancing at Factory 1 of Thai Binh investment joint stock company(Đồ án tốt nghiệp) Analysing the current situation and proposing solutions to improve the line balancing at Factory 1 of Thai Binh investment joint stock company(Đồ án tốt nghiệp) Analysing the current situation and proposing solutions to improve the line balancing at Factory 1 of Thai Binh investment joint stock company
Reasons for choosing the topic
Effective line balancing is crucial for optimizing production efficiency, as it ensures that manpower, physical resources, and operation times are evenly distributed across workstations Proper line balancing helps businesses reduce Production Throughput (PT) and unexpected costs by leveraging standardized operation time tables While achieving a balanced workflow ensures on-time delivery, human factors can introduce errors that impact overall productivity and increase costs In the Vietnamese garment industry, reliance on the labor force plays a significant role in maintaining work station balance, directly influencing manufacturing efficiency Implementing strategic line balancing techniques can lead to cost savings, improved workflow, and enhanced supply chain reliability.
Advances in Technology 4.0 are driving continuous improvements in production processes, enabling businesses to enhance efficiency and optimize their operations To keep pace with this evolution, tools supporting production planning and standard operating procedures must be regularly updated By doing so, companies can maximize production capacity, minimize operational times, reduce waiting periods, and decrease backlogs of semi-finished products between stations, ultimately boosting overall productivity.
This graduate thesis focuses on analyzing the current situation and proposing solutions to improve line balancing at Factory 1 of Thai Binh Investment Joint Stock Company The factory's leather and footwear manufacturing unit is experiencing a backlog of semi-finished products between stations, highlighting inefficiencies in the production process The study aims to identify the root causes of these problems and optimize the workflow to enhance overall productivity By addressing issues in the line balancing, the thesis seeks to improve operational efficiency and meet production targets more effectively.
Research objectives
Firstly, to learn about the line balancing at each production line in the Sewing workshop
2 at Factory 1, Thai Binh Investment Joint Stock Company
Understanding the advantages of line balancing in a production process is essential for optimizing efficiency Identifying existing disadvantages allows for targeted improvements that enhance overall productivity Implementing effective solutions based on these insights can significantly streamline operations and reduce waste.
Object and scope of the study
This study focuses on analyzing the execution time manipulation for each worker on Line 26, utilizing the shoe code SH ARP 500 WARM JR VEL The research involves recording and assessing individual worker performance to identify efficiency levels The practical application of this data aims to optimize operational workflows and improve productivity A comparative analysis is conducted between the manipulated execution times and the standard operation times outlined in Table IE The findings provide valuable insights into process efficiency, helping to establish benchmarks for future performance improvements.
Between August 1, 2020, and October 1, 2020, the Sewing Workshop 2 at Factory 1 of Investment Joint Stock Company Thai Binh focused on enhancing production efficiency within the Department of Planning Operations Production, specifically in exporting During this period, the Department of Technology, Finance, and Human Development collaborated closely to implement process improvements and ensure optimal resource allocation This targeted initiative aimed to boost export quality and streamline operations, solidifying the factory’s position in the regional manufacturing sector.
Research Methodology
To conduct research at Factory 1 - Thai Binh Investment Joint Stock Company, the author collected data related to line balancing from the Science and Technology University of Social Sciences, Department of Technology - Finance & Human Development The researcher measured the timing of each sewing operation for SH ARP 500 WARM JR VEL products After gathering the necessary information, the author performed comprehensive analysis, statistical evaluation, and parameter calculations, using charts to derive insights, make comments, and identify optimal solutions for production efficiency.
Structure of the report chapters
The graduation essay consists of 4 main chapters:
INTRODUCTION ABOUT FACTORY 1 - THAI BINH
CHAPTER 3: THE CURRENT SITUATION OF LINE BALANCING AT FACTORY
1 - THAI BINH INVESTMENT JOINT STOCK COMPANY
CHAPTER 4: PROPOSED SOLUTIONS TO IMPROVE LINE BALANCING TASK
AT FACTORY 1 - THAI BINH INVESTMENT JOINT STOCK COMPANY
CHAPTER 1: INTRODUCTION ABOUT FACTORY 1 - THAI BINH INVESTMENT JOINT
Overview of Thai Binh Investment Joint Stock Company
Full name of the company: THAI BINH INVESTMENT JOINT STOCK COMPANY Abbreviation name: TBS 'Group (TBS)
International transaction name: THAI BINH INVESTMENT JOINT STOCK COMPANY
Legal representative: Nguyen Duc Thuan
Figure 1.1 Logo of Thai Binh Investment Joint Stock Company
Source: Thai Binh Investment Joint Stock Company
Head office address: 5A, Xuyen A Highway, An Binh Ward, City Di An, Binh Duong Province
Establishment License: No 106 / GP.UB dated March 5, 1993
Wed site: www.TBSgroup.vn
Mr Nguyen Duc Thuan serves as both the Chairman of the Board of Directors and the General Director of the company, overseeing overall leadership The organizational structure is divided into two main sectors: the industry/chain executive block managed by deputy general directors, and the office block led by seven key directors These include business, administrative, research and development, quality, planning, human resources, and production directors, ensuring specialized management across all company functions.
Figure 1.2: Organizational chart of Thai Binh Investment Joint Stock Company
Source: Thai Binh Investment Joint Stock Company
GENERAL MEETING OF SHAREHOLDERS ADMINISTRATIVE COUNCIL
THE CURRENT SITUATION OF LINE BALANCING AT
1 - THAI BINH INVESTMENT JOINT STOCK COMPANY
CHAPTER 4: PROPOSED SOLUTIONS TO IMPROVE LINE BALANCING TASK
AT FACTORY 1 - THAI BINH INVESTMENT JOINT STOCK COMPANY
THAI BINH INVESTMENT JOINT STOCK COMPANY
Overview of Thai Binh Investment Joint Stock Company
Full name of the company: THAI BINH INVESTMENT JOINT STOCK COMPANY Abbreviation name: TBS 'Group (TBS)
International transaction name: THAI BINH INVESTMENT JOINT STOCK COMPANY
Legal representative: Nguyen Duc Thuan
Figure 1.1 Logo of Thai Binh Investment Joint Stock Company
Source: Thai Binh Investment Joint Stock Company
Head office address: 5A, Xuyen A Highway, An Binh Ward, City Di An, Binh Duong Province
Establishment License: No 106 / GP.UB dated March 5, 1993
Wed site: www.TBSgroup.vn
Mr Nguyen Duc Thuan, the Chairman of the Board of Directors and the General Director, leads the company, overseeing its strategic direction The organizational structure is divided into two main segments: the industry/chain executive block managed by deputy general directors, and the office block, which is led by seven key directors including business, administrative, research and development, quality, planning, human resources, and production managers This structure ensures efficient management across operational and administrative functions, promoting company growth and operational excellence.
Figure 1.2: Organizational chart of Thai Binh Investment Joint Stock Company
Source: Thai Binh Investment Joint Stock Company
GENERAL MEETING OF SHAREHOLDERS ADMINISTRATIVE COUNCIL
FACTORY 1 FACTORY 2 BEND 434 FACTORY 3 BEND 285
AN THAI FACTORY HUU NGHI FACTORY CENTRAL VIET NAM FACTORY
REGIONAL HANDBAGS 2 HANDBAGS IN SONG TRA AREA
REAL ESTATE SONG TRA IA WOOD FACTOY COMMERCIAL SERVICES GOLF COURSE HOTEL
Founded in 1989, TBS has experienced significant growth through various milestones, overcoming challenges and steadily expanding its influence The company's development has played a crucial role in integrating Vietnamese industries more deeply into the global value chain, fostering economic growth and international competitiveness.
1989 The three founders Nguyen Duc Thuan - Cao Thanh Bich - Nguyen
Thanh Son together embarked on a career with the desire to get rich in the homeland
The company was founded by 500 military officers returning from the military
The company initially only produced shoes for women
Construction project "Factory 1" of TBS was approved and licensed to operate
1993 Successfully signed the first contract to process 6 million pairs of women's shoes
1995 The second factory of the company was started construction with the task of specializing in manufacturing sports shoes
1996 Signing contracts with many international partners that are prestigious shoe brands in the world
2002 Achieved production of 5 million pairs of shoes
Established the first shoe sole processing specialist workshop
Become a partner of Skechers shoe brand
Thai Binh Shoes Company officially changed its name to Thai Binh Investment Joint Stock Company
Receiving the Second Class Labor Medal
2007 The company's shoe production reached 10 million pairs
Establish Song Tra Industrial Park in Thai Binh province
The company expanded its investment into a new field and established TBS Logistic
Honored to receive a certificate of merit from the Ministry of Industry and Trade with the title: Outstanding Enterprise of Vietnam's Textile and Footwear Industry
Among the top 5 typical enterprises of leather industry
On April 30, 2011, the company signed a contract to supply handbags for the Coach brand, marking a significant milestone in its growth This strategic partnership propelled the handbag production sector to become one of the company's two key growth areas, alongside its footwear manufacturing industry.
2013 The company's shoe production reached 16 million pairs
Set up a kit-bag factory to meet the production of products for the Decathlon brand
Signed production supply contract for Wolverine brand
Receiving the Government's emulation flag and the First - Class Labor Medal
Achieved quantity of 21 million pairs of shoes and 10 million handbags
Established a shoe factory in Kien Giang Province
Established base factory in Hoi An
Signed a production supply contract for Vera Bradley brand
2016 Established a shoe factory with 50 sewing lines in An Giang
Signed production supply contract for Victoria Secret
2017 TBS officially received the certificate of accreditation as a laboratory international standard test and awarded by SATRA
2018 MONTGOMERIE LINKS is the best golf course in Vietnam voted by
2019 TBS achieved 30 years of establishment and development, reached the top 10 strong brands in Vietnam, received the First-class labor medal
With aspiration, determination, along with the spirit of ceaseless innovation of a strong team and the good leader strategic vision, striving to 2025, TBS will strive for great
Page 7 development to become a reputable multidisciplinary investment company in Vietnam and in the region, bringing the international class, showing the intellectual stature and pride of Vietnam in the world
Investing and providing products and services that contribute to the participation of Vietnamese industry in the global value chain
Our company is committed to continuous innovation and development, fostering strong growth while sharing benefits with our community and society We prioritize corporate responsibility by actively engaging with the community, building trust, and ensuring confidence and peace of mind for our customers, partners, and employees.
Figure 1.3: TBS Group's fields of operation
Source: Thai Binh Investment Joint Stock Company
TBS actively invests and develops six key industries, including Leather and Footwear Manufacturing, Handbag Production, Investment, Sales, Real Estate, and Industrial Infrastructure Management The company has achieved significant milestones across these sectors, Driving substantial growth and success TBS’s strategic focus on Port & Logistics and Trade in Services further enhances its market presence, contributing to its overall robust development These accomplishments underscore TBS’s commitment to expanding its influence and fostering economic progress in its primary industries.
TBS is a leading Vietnamese shoe company with nearly 25 years of experience, operating with an international standard vision and capabilities The company boasts large-scale production facilities nationwide, featuring modern, closed, and high-tech production lines to ensure quality and efficiency With a dedicated workforce of 17,000 passionate and creative employees, TBS manages three product development centers, two shoe sole factories, and 33 production lines, enabling an impressive annual capacity of 25 million pairs of shoes.
Manufacturing and processing casual, waterproof, work shoes, injection and sports shoes of all kinds for 3 main customers: Skechers, Decathlon and Wolverine
Figure 1.4: Pictures of shoe models of 3 customers
Source: Thai Binh Investment Joint Stock Company b Manufacturing Industry Bags
TBS's manufacturing sector is its primary industry, second only to the leather and footwear sector, operating under a customer-oriented organizational model The company boasts a team of experienced professional managers and state-of-the-art modern infrastructure to ensure quality production TBS specializes in designing and manufacturing a wide range of high-quality products, including luxury handbags for women, men's handbags, purses for both genders, backpacks, and travel bags Additionally, TBS is a trusted manufacturing partner for leading global brands such as Coach, Decathlon, Vera Bradley, Tory Burch, and Titleist, highlighting its reputation for reliability and excellence in the industry.
Figure 1.5: TBS's two handbag customers are Coach and Lancaster
Source: Thai Binh Investment Joint Stock Company c Investment – Business – Real estate and Industrial Infrastructure Management
Founded in 2000 with strong financial backing from its headquarters, TBS LAND has established itself as a reputable real estate developer and investor The company specializes in a diverse range of properties, including apartments, villas, townhouses, commercial centers, offices, and resort real estate TBS LAND's projects are strategically located in the key economic triangle of Ho Chi Minh City, Binh Duong, Dong Nai, and other provinces, demonstrating its focus on high-growth areas within Vietnam.
TBS LAND has been successful with major projects such as:
2000: Starting construction of 5-storey building, establishing real estate company
2005: Initial development of Green Square land fund
2007: Setting up the development project of Song Tra Industrial Park
2008: The first bonded warehouse and CFS at Tan Van was completed and put into operation
2009: Song Tra Industrial Park officially came into operation
2011: The Zone 2 industrial complex was expanded
2015: Established Mai House Hospitality and the Mai House Hotels & Resorts chain, kicking off the tourism, hospitality and resort industry
2016: Completed construction of Kien Giang industrial production cluster
2017: Thoai Son - An Giang industrial production cluster was completed and put into operation
In 2019, Mai House Saigon Hotel officially opened its doors, marking a significant milestone for TBS Land's growth in real estate development and the tourism industry This launch underscores the company's strategic expansion into hotel and resort services, strengthening its position in the hospitality sector Additionally, the year highlights TBS Land’s commitment to diversifying its portfolio, including investments in port and logistics infrastructure to support sustainable growth.
ICD TBS Tan Van, situated in the southern key economic region, serves as a vital logistics hub offering a wide range of services to support the development and expansion of logistics operations for both domestic and international goods Key services include inland clearance depot (ICD), warehouse rental and management, storage solutions, container storage, customs clearance, freight forwarding for import and export, security control, and additional value-added services This comprehensive logistics center is ideal for businesses seeking efficient and reliable logistics solutions in the region.
ICD TBS Tan Van's customer partners have been cooperated: APL Logistics, YUSEN Logistics, GEODIS WILSON, EXPEDITORS, DHL Forwarding, DHL Supply Chain, DULOS International, SCANWELL Logistics e Travel
TBS Land is a prominent Vietnamese brand in the hotel and resort industry, operating luxurious 5-star tourist resorts in Ho Chi Minh City and Quang Nam Our resorts feature some of Vietnam's most beautiful beaches and scenic landscapes, offering an unmatched natural setting Each resort complex provides high-end amenities, including premium hotels, golf courses, spa and wellness facilities, gyms, and international conference centers, ensuring a comprehensive luxury experience for guests.
The Mai House Montgomerie Links Golf Club, developed by TBS Land Group, was expertly designed by renowned golf legend Colin Montgomerie Celebrated for its innovative and unique design, the golf course has received numerous prestigious awards both domestically and internationally Featuring world-class facilities and 5-star standards, the club offers an exceptional golfing experience with high-quality materials and amenities.
This is also the venue for hosting and organizing hundreds of professional, semi- professional and amateur golf tournaments attracting the participation of thousands of domestic and foreign golfers
TBS Sport is a distributor for leading Vietnamese and international fashion brands and is gradually asserting its professional role in the field of shoe and handbag distribution
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Table 1.1: Business performance of Thai Binh Investment Joint Stock Company in the period 2015-2019
Source: Finance and Accounting Department of Thai Binh Investment Joint Stock company
Figure 1.6: TBS's total revenue and profit in 2015 - 2019
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