Reasons for choosing the topic
Line balancing is crucial in the production process, as it relies on a standard operation time table managed by operators By effectively optimizing physical resources, manpower, and operation time across various stations, businesses can significantly reduce production time and unexpected costs, ensuring timely delivery of goods However, the success of line balancing is heavily influenced by human factors, which can lead to errors and increased production costs In Vietnam's garment industry, the workforce plays a vital role in maintaining workflow balance at workstations, highlighting the importance of labor in achieving efficient production.
The advancement of technology 4.0 is driving continuous improvements in production processes, necessitating the enhancement of tools that support these operations To maximize production capacity, businesses must focus on reducing operational missions, minimizing waiting times, and addressing the backlog of semi-finished products between production stations.
At Factory 1 of Thai Binh Investment Joint Stock Company, the leather and footwear manufacturing unit is facing a backlog of semi-finished products between stations To address this issue, the author has selected the topic "Analyzing the Current Situation and Proposing Solutions to Improve Line Balancing at Factory 1 of Thai Binh Investment Joint Stock Company" for their graduate thesis.
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
Line balancing in production processes offers several advantages, including improved efficiency and optimized workflow However, it is essential to also recognize the potential disadvantages that may arise By identifying these drawbacks, businesses can implement effective solutions to enhance overall productivity and streamline operations.
Object and scope of the study
This study focuses on analyzing the execution time of each worker on line 26 during the practical application of the SH ARP 500 WARM JR VEL shoe code, followed by a comparison with the standard operation time as outlined in table IE.
This article focuses on the Sewing Workshop 2 within the Planning Operations Production - Exporting Department and the Technology - Finance & Human Development Department at Factory 1 of Thai Binh Investment Joint Stock Company The analysis covers the period from August 1, 2020, to October 1, 2020.
Research Methodology
To conduct research at Factory 1 - Thai Binh Investment Joint Stock Company, the author employed various methods, including the collection of information and data on line balancing from the Science and Technology University of Social Sciences, Department of Technology - Finance & Human Development This involved measuring the timing of each sewing operation for the SH ARP 500 WARM JR VEL products After gathering the necessary information, the author performed a comprehensive analysis and statistical evaluation of the data, calculated relevant parameters, and utilized charts to draw conclusions and propose solutions.
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
The organization chart features Mr Nguyen Duc Thuan as the Chairman of the Board of Directors and General Director of the company The structure is divided into two main segments: the industry/chain executive block led by the deputy general directors, and the office block managed by seven directors, including the business director, administrative director, research and development director, quality director, planning director, human resources manager, and production manager.
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
The organizational chart of the company features Mr Nguyen Duc Thuan as the Chairman of the Board of Directors and General Director The structure is divided into two main segments: the industry/chain executive block, managed by the deputy general directors, and the office block, overseen by seven directors responsible for various functions, including business, administration, research and development, quality control, planning, human resources, and production management.
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 navigated various challenges and milestones throughout its development, significantly contributing to the integration of Vietnamese industries into the global value chain.
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 significant contract to produce handbags for the Coach brand, marking a pivotal advancement in its growth This agreement established handbag production as one of the company's two key strategic sectors, alongside its footwear manufacturing division.
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
Committed to continuous innovation and strong development, we prioritize corporate responsibility by fostering community engagement and sharing benefits Our goal is to instill confidence and peace of mind in our customers, partners, and employees.
Figure 1.3: TBS Group's fields of operation
Source: Thai Binh Investment Joint Stock Company
TBS strategically invests in and develops six key industries: Leather and Footwear Manufacturing, Handbag Manufacturing, Real Estate and Industrial Infrastructure Management, Port & Logistics, and Trade in Services Each sector has attained significant milestones and successes, playing a crucial role in the robust growth of TBS.
TBS is a prominent player in Vietnam's shoe industry, boasting nearly 25 years of experience and adhering to international standards With a robust production capacity, the company operates multiple factories nationwide equipped with advanced, high-tech production lines TBS employs a dedicated workforce of 17,000 individuals, supported by three product development centers and two shoe sole factories, enabling an impressive output of 25 million pairs of shoes annually.
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 is a leading manufacturing company, primarily focused on customer-oriented production, and ranks just behind the leather and footwear industry With a team of skilled professional managers and state-of-the-art infrastructure, TBS offers an extensive range of high-quality products, including luxury handbags for women, men's handbags, purses, backpacks, and travel bags Additionally, TBS has established itself as a trusted partner for renowned brands like Coach, Decathlon, Vera Bradley, Tory Burch, and Titleist.
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
Established in 2000 with substantial funding from its headquarters, TBS LAND has evolved into a reputable real estate developer and investor The company specializes in various categories, including apartments, villas, townhouses, commercial centers, offices, and resort properties, strategically located within the economic triangle of Ho Chi Minh City, Binh Duong, Dong Nai, and surrounding provinces.
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 opened its doors, signifying a significant milestone for TBS Land in the realms of real estate development, tourism, and hotel and resort services, as well as in the port and logistics sector.
ICD TBS Tan Van, situated in the southern key economic region, serves as a central hub for a wide range of logistics services tailored to meet the diverse needs of customers looking to expand their logistics operations for both domestic and international goods Our offerings include inland clearance depot (ICD) services, warehouse rental and management, container storage, customs clearance, freight forwarding for imports and exports, security control, and various other value-added services.
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 leading Vietnamese brand in the hotel and resort industry, offering luxurious 5-star tourist resort complexes in Ho Chi Minh City and Quang Nam These resorts are situated in some of Vietnam's most stunning locations, featuring beautiful beaches and landscapes Each complex provides a high-end service experience with a variety of amenities, including hotels, golf courses, spas, gyms, and international conference centers.
The Mai House Montgomerie Links Golf Club, developed by TBS Land Group and designed by acclaimed golf expert Colin Montgomerie, boasts a unique design and top-notch facilities This prestigious golf club has received multiple awards, both domestically and internationally, for its exceptional quality and 5-star standard materials.
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
TBS Sport boasts a nationwide distribution network, ensuring the delivery of quality products while enhancing customer experience As the exclusive retailer of the ECCO brand for several years, TBS Sport has played a pivotal role in establishing ECCO as the leading comfort shoe brand in Vietnam Additionally, TBS Sport proudly offers the renowned fashion icon Cole Haan, further solidifying its position in the footwear market.
In 2015, TBS Sport officially launched Cole Haan in Vietnam by opening its first store in District 7, which is now recognized as the largest Cole Haan store in Asia.
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
The chart illustrates a significant upward trend in the company's revenue over the years, with a notable surge between 2018 and 2019, where total revenue rose from 4,277,340 million VND to 5,132,808 million VND, marking a substantial increase of 20%.