ABSTRACT

Today there is a paradigm shift in the textile industry. The consumer drives this shift .A consumer today has access to the best of products at the most economical price while he is sitting on his cozy couch and surfing the net. From all this we can come to a conclusion that competitiveness has increased tremendously and if the Indian textile fish has to survive from being eaten by the big shark "GLOBALIZATION, then it has to bow to technology which will help it in spreading its fin and helping it to swim with out any harm.

In the new millennium the industry must transform to entertain the consumer. This can done by providing the consumer with 5 R's

Right product

Right quality

Right quantity

Right price

Right time

The industry must face a challenge of being profitable in a highly competitive global market by rapidly delivering value to a diverse base of consumers. To meet these challenges successfully the industry must harness the two key assets: Information & People.

A totally new set up to handle challenges of materials purchase, receipt, store, issue, and process and dispatch functions in the supply chain with computer applications is possible. Nevertheless, faster and accurate data transmission need to be achieved for full potential of the new set ups. I way, Internet, Electronic data interchange (EDI) and barcodes are the information technology enablers for doing business electronically. In this paper, potential of Information Technology & Bio Technology industry is analyzed.

Introduction

Global competition has caused the textile industry to modernize and become cost competitive because developing nations have discovered to explore the textile products in an attractive way to enhance their economic growth.

The industry has focused on reducing costs, improving quality and developing quick turnaround and response scenarios. These forces have impacted the number and quality of the technical work force. Graduates with a background in computers and information management are making up a larger portion of the entry-level technical staff. Process engineers dedicated to improving quality and efficiency make up the rest.

Most of the entry level work force has little or no exposure t o textile education or training, they have to rely on experienced technologists to guide and train them. Unfortunately as the older technologists retire, they take with them valuable technical knowledge and know-how leaving the skeletal remains technically unsupported.

Most of the technical information is in the form of supplier technical bulletins or in the files of one or two key old-time technologists. Very little is in written form, and what does exist, is not easily accessible to others needing the information.

"IT in TI"

(Information technology in Textile industry)

What is ERP?

An Enterprise is a group of people with a common goal, which has some key functions and resources at its disposal to achieve that goal.

Resources included are man, money, material and all the other things that are required to run the enterprise.

Planning is done to ensure that nothing goes wrong. Planning is putting necessary functions in place and more importantly, putting them together.