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Submitted to:
Ma`am Arshia
Submitted by:
Azeem Ali Tariq Butt
Abubakar Tasveer
Rohail Zaheer
Mehr Baig
(Introduction to Business)
Session 2013
Submission Date:
22 May, 2013
University OF Management & Technology
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ACKNOWLEDGEMENT
All praises for Almighty Allah, the most Beneficent and Merciful, who guides us
in lacerate and congenial circumstances, without his help one cannot achieve
his goal.
Our sincere gratitude to University OF Management & Technology, they
provided us with the opportunity to work in FORWARD GEAR (PVT) LTD of
Pakistan.
Then we would like to thankMa`am Arshia, who guided us at every step and
provided us with her valuable advice and guidance whenever we asked. We
are very grateful for her, and her encouragement which enabled us to write
this report.
Then we would like to thank our parents who do a lot of struggle for our better
and secure future and encourage us at every step of our life.
In the end we would like to thank all the staff members FORWARD GEAR (PVT)
LTD, who have co-operated with us during project. They have provided us with
valuable information which helped us a lot in the completion of this report.
It was relatively a new phenomenon for us and we have learned a lot from
making this project.
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Table of Contents
Contents Page#
Forward Group Introduction. 6
Forward Gear (PVT) LTD 8
Business plane 10
Mission, Vision & Objective 11
Company Overview 13
Over Core Value 14
Management 16
Target Marketing 17
Marketing Strategy 17
Design and Development 18
Quality Policy 19
Kaizen Policy 20
Operation Plane 21
Departments 22
Startup Schedule 23
Major Risk Factor 24
Message from the M.D 25
Analysis 26
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Forward Group [PVT] LTD
Introduction
Authorized Vender of World Renowned Sports Brands.
Forward Group is a consumer driven, design oriented
and an Innovative Company, aiming to work with
coherence of renowned global Brands, organizations
and entrepreneurs, translating marketing and business
goals into design strategy, novelty and to attain a new
product success.
20 year of innovation - the past, the present and the
future Forward Sports Private Limited is one of the few
companies in Sialkot industry that can trace its history
back in 20 years. Forward is family owned
manufacturing and exporting business concern of
footballs, volley balls, rugby balls, beech balls, sale
balls, medicine balls, bags etc.
The third generation of the family has entered the field
of international trade bringing together the established
business and family values, experience and skills
coupled with pertinent business education, knowledge
and expertise.
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The Past - history of product innovation We would like
to take you to the corridors of rich business history of
Forward Sports Private Limited and its management,
which has the privilege of creating and introducing new
spirit and techniques of doing the business that
became source of guidance in Sialkot for small and
large scale industries of sports goods since 1988 to this
day.
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Forward Gear [PVT] LTD
Forward Gear (Pvt) Ltd. is a bag manufacturing
company targets to become the world leading bag
producer by providing quality, on-time delivery, cost
saving, innovation and high tech oriented solutions to
the customers
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After the 20 years of success of forward sports,
FORWARD GEAR was established.
Forward Gear was established in NOVEMBER, 2007 but
it started its production in JULY, 2008 in SIALKOT
Region.
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Business Plan
Summary:
Forward Gear was establishing in November 2007, but it
started its operations in July 2008. Forward Gear is a bag
manufacturing company which is now a leading bag
manufacturer for ADIDAS. Its leading customers are Adidas,
lotto, reebok and diadora. Its production capacity is 4, 00,000
per month with 200 different styles.
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Mission, Vision and objectives
Company Vision:
Understand the customer, be Competitive and Win with them.
Company Mission:
With cost-competitive, right first time and on-time delivery,
FORWARD GEAR serves the customers at the utmost level.
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Objectives:
Forward Gear (PVT.) Ltd. is a bag manufacturing company targets to
become the world leading bag producer by providing quality, on-time
delivery, cost saving, innovation and high tech oriented solutions to
the customers.
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Company overview
Forward gear is one of the biggest bag suppliers of
ADDIDAS with a production capacity of 600000 bags
per month. Its leading costumers are ADIDAS, Reebok,
DiaDora and Lotto. Combining unparalleled
experience, comprehensive capabilities across all
industries and business functions, and extensive
research on the world’s most successful companies
The company generated net revenues of PKR 23.47
billion for the fiscal year ended Aug2012.
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Our Core Values
Integrity:
We believe integrity enables us to establish and
maintain long-term relationships with each of our
unique client partners as well as our employees. Open
and Honest Communication in the work environment is
the first key to highly successful organizations.
Innovation:
We firmly believe that innovation is intrinsically
valuable and by that we can find better ways to
produce good quality products by optimizing our
resources.
Team work:
With a diverse range of experiences, we are confident
that our talented team can help us to achieve a better
business outcome for our organization in future as
well.
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On-time provision:
Utilizing the most advanced technology, Professionals
and our commitment enables us to complete our
targets on-time.
Client satisfaction:
We are steadfast to produce our products as per the
requirement of customer. We are offering unique
services and remain responsive.
Safety, Health & environment:
We actively strive to provide a safe and healthy
workplace to our employees and to act responsibly
towards the community and environment, in which it
operates.
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Management
The Forward Gear management is very self-devoted
and hardworking people who know the responsibility
of their work and are loyal to their jobs and with the
company as well.
The management of FORWARD GEAR is highly qualified
and specialized people.
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Target market
Basically no locallymarket is targeted as these are the
suppliers of well known brands like ADIDAS, DIADORA
Etc. Forward Gear don’t sell its products in open
market they don’t have to sale them out locally and
they cant even as they have a contract signed with
these brands.
Marketing strategy
Marketing strategies are selected by ADIDAS so
Forward Gear don’t have to do any marketing for their
products because they doesn’t have anyconcern with
the market outside as mainly it is only exporting its
products to ADIDAS, Reebok etc. so they do all the
marketing for Forward Gear.
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Design and development plans
Forward Gear (Pvt.) Ltd. is a company manufacturing &
exporting bags for international markets. We
understand that our employees may have a hazard by
performing our activities and using raw materials,
natural and artificial resources.
All the designs come from the ADIDAS and most of the
material for the production is gathered from outside
and only little material is collected from domestic
suppliers.
Safety and reliability of its product is one of the
objectives of Forward Gear. And for this purpose
company is having two policies.
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Quality Policy
Forward Gear (Pvt.) Ltd. aims to maintain its leading
position in bags industry by satisfying our respectable
customer’s needs and expectation through providing
consistent quality products backed-up through:
1. Modern Research & Development Facilities
2. Mechanized Manufacturing
3. Quality Management system
The Company is Confident to declare that through its
intention and efforts, it can motivate employees,
produce better quality of bags and create culture of
continuous improvements.
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Kaizen Policy
Forward Gear (Pvt.) Ltd is focused and encourages the
suggestion giving by anyone which would be reviewed
by CI team. CI team shall announce the selected
projects for the kaizen activities to save the process
time and better production. After going through
implementation process stage will come for review by
encouraging the employees through defined
incentives.
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Operations plan
Forward Gear production facility is one of the best
production facilities of the world.
It is having 1200 machineries
200 automatic
1000 manual
Also there are 1500 people working in the company
who are well trained and specialize in their work.
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Forward Gear is having different departments:
Research
Development
DesignSourcing
Procuremen
t
Production
Planning
Production
Control
Quality
Control
Storage
Handling &
Distribution
Customers
Product Development
Production
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Start-up Schedule
The Past - history of product innovation We would like
to take you to the corridors of rich business history of
Forward Sports Private Limited and its management,
which has the privilege of creating and introducing new
spirit and techniques of doing the business that
became source of guidance in Sialkot for small and
large scale industries of sports goods since 1988 to this
day.
Forward Gear (Pvt) Ltd. is a bag manufacturing
company targets to become the world leading bag
producer by providing quality, on-time delivery, cost
saving, innovation and high tech oriented solutions to
the customers.
After the 20 years of success of forward sports,
FORWARD GEAR was established.
Forward Gear was established in NOVEMBER, 2007 but
it started its production in JULY, 2008 in SIALKOT
Region.
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Major Risk Factors
Political Instability:
As the country’s economic value is
falling day by day we have to face problem of the
political instability in our business. E.g. Tax strategies
etc.
Electricity Shortfall:
Electricity shortfall is another main
risk factor our production lines gets disturbed by it. So
we have to spend money on the fuel for the generators
which is very costly.
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Message from the M.D
"A bag manufacturer targets to produce for all brands in the world."
This is the goal of Forward Gear (Pvt.) Ltd. November 15th, 2007.
Forward Gear started its set up and with Adidas as the major
customer. Company is moving forward to the goal it set.
Forward Gear is the first bag manufacturer in Pakistan for big brands
and it is going to change the whole bag manufacturing industry in the
world.
Pakistan is a promising site for the business and the combined
experience, knowledge and technology of Pakistan and Korea will
make a difference and it will shake the world by quality, on-time
delivery, price and innovative/future-oriented bag products.
It will be fun for you to watch how Forward Gear is moving forward
and how to achieve its goal day to day, week to week and year to
year.
Again, we appreciate your visit. Thanks!
Best regards,
Mr. Chris
Managing Director
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Analysis:
Over all Forward gear is a well-established company
holding up to more than 1300+ labor for their
production line as they are the leading manufacturers
in the sports field and exporting products to Adidas,
Diadora, Lotto, Reebok etc. Keeping the ethical values
in mind the Forward gear introduced many policies for
their workers to keep them satisfied with the
company’s profile. The company now has a position
where they can’t be compromised with the other local
vendors. They have a very strong base here in Pakistan
for exporting products to such well-known brands.
Every employee has the same rights as the other next
to him/her. Forward gear is not just a company who
just make products for the brands they also take care
of their employees with pure heart and true means.
